Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 767

767. (1) A corporation shall not establish or conduct, assist in establishing
or conducting, or hold itself out as conducting, an unauthorised stock market.

(2) A person shall not establish or conduct, assist in establishing or
conducting, or hold himself, herself or itself out as conducting, an
unauthorised stock market on which:

   (a)  eligible securities, or securities including eligible securities, are
        regularly traded; or

   (b)  information is regularly provided about the prices at which, or the
        consideration for which, particular persons, or particular classes of
        persons, propose, or may reasonably be expected, to sell, purchase or
        exchange eligible securities, or securities including eligible
        securities.

(3) A person who conducts an unauthorised stock market contravenes this
subsection if:

   (a)  a corporation trades in securities on that stock market; or

   (b)  information is provided on that stock market about the prices at
        which, or the consideration for which, particular persons, or
        particular classes of persons, being persons that are or include
        corporations, propose, or may reasonably be expected, to sell,
        purchase or exchange securities.

(4) A person who conducts an unauthorised stock market contravenes this
subsection if:

   (a)  a person trades in eligible securities on that stock market; or

   (b)  information is provided on that stock market about the prices at
        which, or the consideration for which, particular persons, or
        particular classes of persons, propose, or may reasonably be expected,
        to sell, purchase or exchange eligible securities.