Commonwealth Numbered Regulations

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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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