THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.11 - CONDUCT IN RELATION TO SECURITIES

Division 2 - Prohibited conduct

SECTION 1001   DISSEMINATION OF INFORMATION ABOUT ILLEGAL TRANSACTIONS  

1001(1)  [Dissemination of information]  

A person shall not circulate or disseminate any statement or information to the effect that the price of any securities of a body corporate will or is likely to rise or fall or be maintained because of any transaction entered into or other act or thing done in relation to securities of that body corporate or of a body corporate that is related to that body corporate, in contravention of section 997, 998, 999 or 1000 if:

(a)  the person, or an associate of the person, has entered into any such transaction or done any such act or thing; or

(b)  the person, or an associate of the person, has received, or expects to receive, directly or indirectly, any consideration or benefit in respect of the circulation or dissemination of the statement or information.

1001(2)  (Omitted by No 110 of 1990, Sch 1 (effective 18 December 1990).)