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 1042C   WHEN INFORMATION IS GENERALLY AVAILABLE  

1042C(1)   [ Meaning of ``generally available'']  

For the purposes of this Division, information is generally available if:


(a) it consists of readily observable matter; or


(b) both of the following subparagraphs apply:


(i) it has been made known in a manner that would, or would be likely to, bring it to the attention of persons who commonly invest in Division 3 financial products of a kind whose price might be affected by the information; and

(ii) since it was made known, a reasonable period for it to be disseminated among such persons has elapsed; or


(c) it consists of deductions, conclusions or inferences made or drawn from either or both of the following:


(i) information referred to in paragraph (a);

(ii) information made known as mentioned in subparagraph (b)(i).

1042C(2)   [ Extent of s 1042C(1)]  

None of the paragraphs of subsection (1) limits the generality of any of the other paragraphs of that subsection.


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