Commonwealth Consolidated Acts

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When information is generally available

             (1)  For the purposes of this Division, information is generally available if:

                     (a)  it consists of readily observable matter; or

                     (b)  both of the following subparagraphs apply:

                              (i)  it has been made known in a manner that would, or would be likely to, bring it to the attention of persons who commonly invest in Division 3 financial products of a kind whose price might be affected by the information; and

                             (ii)  since it was made known, a reasonable period for it to be disseminated among such persons has elapsed; or

                     (c)  it consists of deductions, conclusions or inferences made or drawn from either or both of the following:

                              (i)  information referred to in paragraph (a);

                             (ii)  information made known as mentioned in subparagraph (b)(i).

             (2)  None of the paragraphs of subsection (1) limits the generality of any of the other paragraphs of that subsection.

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