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 1 - INTRODUCTORY
PART 1.2 - INTERPRETATION
Division 7 - Interpretation of other expressions
SECTION 84
OWN ACCOUNT DEALINGS AND TRANSACTIONS: SECURITIES
84
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.