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CORPORATIONS ACT 2001 - SECT 1041A

Market manipulation

    A person must not take part   in, or carry out (whether directly or indirectly and whether in this jurisdiction or elsewhere):

  (a)   a transaction that has or is likely to have; or

  (b)   2 or more transactions that have or are likely to have;

the effect of:

  (c)   creating an artificial price for trading in financial products on a financial market operated in this jurisdiction; or

  (d)   maintaining at a level that is artificial (whether or not it was previously artificial) a price for trading in financial products on a financial market operated in this jurisdiction.

Note 1:   Failure to comply with this section is an offence (see subsection   1311(1)).

Note 2:   This section is also a civil penalty provision (see section   1317E). For relief from liability to a civil penalty relating to this section, see section   1317S.


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