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 3 - The insider trading prohibitions  

Subdivision A - Preliminary  

SECTION 1042A   1042A   DEFINITIONS  


In this Division:

able to be traded
has a meaning affected by section 1042E .

Division 3 financial products
means:


(a) securities; or


(b) derivatives; or


(c) interests in a managed investment scheme; or


(ca) debentures, stocks or bonds issued or proposed to be issued by a government; or


(d) superannuation products, other than those prescribed by regulations made for the purposes of this paragraph; or


(e) any other financial products that are able to be traded on a financial market.

generally available
, in relation to information, has the meaning given by section 1042C .

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 likely intentions, of a person.

inside information
means information in relation to which the following paragraphs are satisfied:


(a) the information is not generally available;


(b) if the information were generally available, a reasonable person would expect it to have a material effect on the price or value of particular Division 3 financial products.

material effect
, in relation to a reasonable person's expectations of the effect of information on the price or value of Division 3 financial products, has the meaning given by section 1042D .

procure
has a meaning affected by section 1042F .

relevant Division 3 financial products
, in relation to particular inside information, means the Division 3 financial products referred to in paragraph (b) of the definition of inside information .


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