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CORPORATIONS REGULATIONS 2001 2001 No. 193 - REG 7.11.01
Prohibition of dealings in securities by insiders
- (1)
- Subsection 1002G (2) of the Act does not have effect in relation to:
- (a)
- the obtaining by a director of a share qualification; or
- (b)
- the subscription for, and acquisition under that subscription of,
securities of a body corporate by, or by a trustee for, employees of that
body, or of a body corporate that is related to the first-mentioned body under
a superannuation scheme, pension fund or other scheme established solely or
primarily for the benefit of the employees; or
- (c)
- a transaction entered into by a person in accordance with his or her
obligations under an underwriting agreement; or
- (d)
- a person holding the office of:
- (i)
- personal representative of a deceased person; or
- (ii)
- liquidator; or
- (iii)
- trustee under Parts IV, X and XI of the Bankruptcy Act 1966 ;
in respect of any transaction entered into by the person in good faith in the
performance of the functions of his or her office; or
- (e)
- a sale of securities under:
- (i)
- a mortgage or charge of the securities; or
- (ii)
- a mortgage, charge, pledge or lien of documents of title to the
securities.
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