CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.10 - MARKET MISCONDUCT AND OTHER PROHIBITED CONDUCT RELATING TO FINANCIAL PRODUCTS AND FINANCIAL SERVICES  

Division 2 - The prohibited conduct (other than insider trading prohibitions)  

SECTION 1041A   1041A   MARKET MANIPULATION  


A person must not take part in, or carry out (whether directly or indirectly and whether in this jurisdiction or elsewhere):


(a) a transaction that has or is likely to have; or


(b) 2 or more transactions that have or are likely to have;

the effect of:


(c) creating an artificial price for trading in financial products on a financial market operated in this jurisdiction; or


(d) maintaining at a level that is artificial (whether or not it was previously artificial) a price for trading in financial products on a financial market operated in this jurisdiction.

Note 1: Failure to comply with this section is an offence (see subsection 1311(1) ).

Note 2: This section is also a civil penalty provision (see section 1317E ). For relief from liability to a civil penalty relating to this section, see section 1317S .


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