Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 997

997. (1) A person shall not enter into or carry out, either directly or
indirectly, 2 or more transactions in securities of a corporation, being
transactions that have, or are likely to have, the effect of increasing the
price of securities of the corporation on a stock market, with intention to
induce other persons to buy or subscribe for securities of the corporation or
of a related body corporate.

(2) A corporation shall not enter into, or carry out, either directly or
indirectly, 2 or more transactions in securities of a body corporate that is
not a corporation, being transactions that have, or are likely to have, the
effect of increasing the price of securities of the body corporate on a stock
market, with intent to induce other persons to buy or subscribe for securities
of the body corporate or of a corporation or other body corporate that is
related to the first-mentioned body corporate.

(3) A person shall not enter into, or carry out, either directly or
indirectly, 2 or more transactions in securities of a body corporate that is
not a corporation, being transactions that have, or are likely to have, the
effect of increasing the price of securities of the body corporate on a stock
market, with intent to induce other persons to buy or subscribe for securities
of a corporation that is related to the body corporate.

(4) A person shall not enter into, or carry out, either directly or
indirectly, 2 or more transactions in securities of a corporation, being
transactions that have, or are likely to have, the effect of reducing the
price of securities of the corporation on a stock market, with intent to
induce other persons to sell securities of the corporation or of a related
body corporate.

(5) A corporation shall not enter into, or carry out, directly or indirectly,
2 or more transactions in securities of a body corporate that is not a
corporation, being transactions that have, or are likely to have, the effect
of reducing the price of securities of the body corporate on a stock market,
with intent to induce other persons to sell securities of the body corporate
or of a corporation or other body corporate that is related to the
first-mentioned body corporate.

(6) A person shall not enter into, or carry out, directly or indirectly, 2 or
more transactions in securities of a body corporate that is not a corporation,
being transactions that have, or are likely to have, the effect of reducing
the price of securities of the body corporate on a stock market, with intent
to induce other persons to sell securities of a corporation that is related to
the body corporate.

(7) A person shall not enter into, or carry out, either directly or
indirectly, 2 or more transactions in securities of a corporation, being
transactions that have, or are likely to have, the effect of maintaining or
stabilising the price of securities of the corporation on a stock market, with
intent to induce other persons to sell, buy or subscribe for securities of the
corporation or of a related body corporate.

(8) A corporation shall not enter into, or carry out, either directly or
indirectly, 2 or more transactions in securities of a body corporate that is
not a corporation, being transactions that have, or are likely to have, the
effect of maintaining or stabilising the price of securities of the body
corporate on a stock market, with intent to induce other persons to sell, buy
or subscribe for securities of the body corporate or of a corporation or other
body corporate that is related to the first-mentioned body corporate.

(9) A person shall not enter into, or carry out, either directly or
indirectly, 2 or more transactions in securities of a body corporate that is
not a corporation, being transactions that have, or are likely to have, the
effect of maintaining or stabilising the price of securities of the body
corporate on a stock market, with intent to induce other persons to sell, buy
or subscribe for securities of a corporation that is related to the body
corporate.

(10) A reference in this section to a transaction, in relation to securities,
includes:

   (a)  a reference to the making of an offer to sell or buy securities; and

   (b)  a reference to the making of an invitation, however expressed, that
        expressly or impliedly invites a person to offer to sell or buy
        securities.