Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


Meaning of some terms relating to the insider trading prohibitions

             (1)  In this Act:

Division 3 financial products means:

                     (a)  securities; or

                     (b)  derivatives; or

                     (c)  interests in a managed investment scheme; or

                     (d)  debentures, stocks or bonds issued or proposed to be issued by a government; or

                     (e)  superannuation products, other than those prescribed by regulations made for the purposes of this paragraph; or

                      (f)  any other financial products that are able to be traded on a financial market.

"inside information" means information in relation to which the following paragraphs are satisfied:

                     (a)  the information is not generally available;

                     (b)  if the information were generally available--a reasonable person would expect it to have a material effect on the price or value of particular Division 3 financial products.

relevant Division 3 financial products , in relation to particular inside information, means the Division 3 financial products referred to in paragraph (b) of the definition of  inside information in this subsection.

             (2)  In this Division:

"information" includes:

                     (a)  matters of supposition and other matters that are insufficiently definite to warrant being made known to the public; and

                     (b)  matters relating to the intentions, or likely intentions, of a person.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback