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 8 - THE FUTURES INDUSTRY
PART 8.7 - OFFENCES
Division 1 - Insider dealing
SECTION 1256
PROHIBITIONS WHERE DEALING PRECLUDED
1256(1)
[Dealing prohibited]
A person must not, while precluded from dealing in a futures contract, deal in that futures contract.
History
S 1256(1) substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).
1256(2)
[Communication of information prohibited]
A person who, because of having particular information, is precluded from dealing in a futures contract, must not, while so precluded, communicate the information to another person if the first-mentioned person knows, or ought reasonably to know, that the other person will make use of the information for the purpose of dealing in that futures contract.
History
S 1256(2) substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).