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