CORPORATIONS ACT 2001 - SECT 1042A Meaning of some terms relating to the insider trading prohibitions
CORPORATIONS ACT 2001 - SECT 1042A
Meaning of some terms relating to the insider trading prohibitions(1) In this Act:
"Division 3 financial products" means:
(a) securities; or
(b) derivatives; or
(c) interests in a managed investment scheme; or
(d) debentures, stocks or bonds issued or proposed to be issued by a government; or
(e) superannuation products, other than those prescribed by regulations made for the purposes of this paragraph; or
(f) any other financial products that are able to be traded on a financial market.
"inside information" means information in relation to which the following paragraphs are satisfied:
(a) the information is not generally available;
(b) if the information were generally available--a reasonable person would expect it to have a material effect on the price or value of particular Division 3 financial products.
"relevant Division" 3 financial products , in relation to particular inside information, means the Division 3 financial products referred to in paragraph (b) of the definition of inside information in this subsection.
(2) In this Division:
(a) matters of supposition and other matters that are insufficiently definite to warrant being made known to the public; and
(b) matters relating to the intentions, or likely intentions, of
a person.