CORPORATIONS ACT 2001 - SECT 676 Meaning of generally available

CORPORATIONS ACT 2001 - SECT 676

  (1)   This section has effect for the purposes of sections   674, 674A, 675 and 675A.

  (2)   Information is generally available if:

  (a)   it consists of readily observable matter; or

  (b)   without limiting the generality of paragraph   (a), both of the following subparagraphs apply:

  (i)   it has been made known in a manner that would, or would be likely to, bring it to the attention of persons who commonly invest in securities of a kind whose price or value might be affected by the information; and

  (ii)   since it was so made known, a reasonable period for it to be disseminated among such persons has elapsed.

  (3)   Information is also generally available if it consists of deductions, conclusions or inferences made or drawn from either or both of the following:

  (a)   information referred to in paragraph   (2)(a);

  (b)   information made known as mentioned in subparagraph   (2)(b)(i).