Commonwealth Numbered Acts

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AUSTRALIAN SECURITIES COMMISSION ACT 1989 No. 90 of 1989 - SECT 129

Compensation to other parties where section 128 contravened
129. (1) A person who contravenes section 128 is liable to compensate any
other party to the transaction for any loss sustained by that party because
of:

   (a)  any difference between the price at which the securities were dealt in
        in the transaction and the price at which they would be likely to have
        been dealt in in such a transaction at the time when the
        first-mentioned transaction took place if the information had been
        generally available; or

   (b)  any difference between the price at which the dealing in the futures
        contract took place and the price at which it would be likely to have
        taken place if the information had been generally available; as the
        case requires.

(2) Subsection (1) does not affect any other liability of a person who
contravenes section 128. 


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