CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 7 - SECURITIES
PART 7.11 - CONDUCT IN RELATION TO SECURITIES
CCH Note:
Div 1 of Part 7.11 (sec 994) repealed by No 156 of 1999, Sch 3, Pt 1 (effective 13 March 2000).
Division 2A - Insider trading
History
Div 2A of Pt 7.11 inserted by No 110 of 1991, Sch 4 (effective 1 August
1991).
SECTION 1002A
SECURITIES
1002A(1)
[Interpretation]
In this Division and in section
1013:
``information''
includes:
(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 the likely intentions, of a
person;
``purchase''
, in relation to securities, includes, in the case of an option
contract under which a party acquires an option or right from another party,
acquire the option or right under the contract, or take an assignment of the
option or right, whether or not on another's behalf;
``securities''
, in relation to a body corporate, means any of the following:
(a)
shares in the body corporate;
(b)
debentures (including convertible notes) issued by the body corporate;
(c)
interests in a managed
investment scheme made available by the body corporate;
(d)
units of shares referred to in paragraph (a);
(e)
an option contract under which a party acquires from another party an
option or right, exercisable at or before a specified time, to buy from, or
sell to, that other party a number of securities of a kind referred to in
paragraph (a), (b), (c) or (d) at a price specified in, or to be determined in
accordance with, the contract;
but does not include a futures contract or an excluded security;
``sell''
, in relation to securities, includes, in the case of an option
contract under which a party acquires an option or right from another party:
(a)
grant or assign the option or right; or
(b)
take, or cause to be taken, such action as releases the option or right;
whether or not on another's behalf.
History
S 1002A(1) amended by No 62 of 1998, Sch 2, Pt 1 (effective 1 July 1998).
S 1002A(1) inserted by No 110 of 1991, Sch 4 (effective 1 August
1991).
1002A(2)
[Application]
A provision of this Division or of section
1013 that applies in relation to securities of a body corporate:
(a)
also applies in relation to securities (as defined by subsection
92(1)) issued by a government, an unincorporated body or any other person; and
(b)
applies, in relation to securities so issued, in the same way, as nearly as practicable, as if the government, body or person were a body corporate.
History
S 1002A(2) inserted by No 110 of 1991, Sch 4 (effective 1 August 1991).