CORPORATIONS ACT 2001 - SECT 1043I Exception for bodies corporate

CORPORATIONS ACT 2001 - SECT 1043I

  (1)   A body corporate does not contravene subsection   1043A(1) by entering into a transaction or agreement in relation to financial products issued by another person merely because the body corporate is aware that it proposes to enter into, or has previously entered into or proposed to enter into, one or more transactions or agreements in relation to financial products issued by the other person or by a third person.

  (2)   Subject to subsection   (3), a body corporate does not contravene subsection   1043A(1) by entering into a transaction or agreement in relation to financial products issued by another person merely because an officer or employee of the body corporate is aware that the body corporate proposes to enter into, or has previously entered into or proposed to enter into, one or more transactions or agreements in relation to financial products issued by the other person or by a third person.

  (3)   Subsection   (2) does not apply unless the officer or employee of the body corporate became aware of the matters referred to in that subsection in the course of the performance of duties as such an officer or employee.