Commonwealth Consolidated Legislation

CORPORATIONS LAW- SECT 84

Own account dealings and transactions: securities

 
A person deals in, or enters into a transaction of sale or purchase
of, securities on the person's own account if, and only if, the person deals
in the securities, or enters into the transaction, as principal or on behalf
of:
 
 
(a)
in any case—an
associate of the person;

(b)
in any case—a body corporate in which the person has a
controlling interest; or

(c)
if the person carries on a securities business in
partnership—a body corporate in which the person's interest and the
interests of the other partners together constitute a controlling interest.