Commonwealth Consolidated Acts

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



                   In this Division:

"able to be traded" has a meaning affected by section 1042E.

Division 3 financial products means:

                     (a)  securities; or

                     (b)  derivatives; or

                     (c)  interests in a managed investment scheme; or

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

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

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

"generally available" , in relation to information, has the meaning given by section 1042C.

"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.

"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.

"material effect" , in relation to a reasonable person's expectations of the effect of information on the price or value of Division 3 financial products, has the meaning given by section 1042D.

"procure" has a meaning affected by section 1042F.

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 .

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback