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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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