Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1259

1259. (1) Where a person takes part in, is concerned in, or carries out,
whether directly or indirectly:

   (a)  a transaction (whether a dealing in a futures contract or not) that
        is, is intended to have, or is likely to have; or

   (b)  2 or more transactions (whether any of them is a dealing in a futures
        contract or not) that have, are intended to have, or are likely to
        have; the effect of:

   (c)  creating an artificial price for dealings in futures contracts on a
        futures market within Australia; or

   (d)  maintaining at a level that is artificial (whether or not it was
        previously artificial) a price for dealings in futures contracts on a
        futures market within Australia; each of the succeeding subsections
        has effect without prejudice to the effect of any of the others.

(2) If the person is a corporation, the person contravenes this section.

(3) If the transaction, or any of the transactions, as the case may be, is
entered into in eligible circumstances or outside Australia, the person
contravenes this section.

(4) If the futures market is an eligible futures market, the person
contravenes this section.

(5) If the dealings referred to in paragraph (1) (c) or (d) are dealings by
corporations, the person contravenes this section.

(6) If the dealings referred to in paragraph (1) (c) or (d) are dealings in
eligible circumstances, the person contravenes this section.