Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

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

Division 3 - The insider trading prohibitions  

Subdivision B - The prohibited conduct  

SECTION 1043J   EXCEPTION FOR OFFICERS OR AGENTS OF BODY CORPORATE  

1043J(1)   [ No liability for officers of body corporate]  

Subject to subsection (2), a person (the first person ) does not contravene subsection 1043A(1) by entering into a transaction or agreement on behalf of a person (the second person ) in relation to financial products issued by another person (the third person ) merely because the first person is aware that the second person proposes to enter into, or has previously entered into or proposed to enter into, one or more transactions or agreements in relation to financial products issued by the third person or by a fourth person.

1043J(2)   [ Liability imposed with actual knowledge]  

Subsection (1) does not apply unless the first person became aware of the matters referred to in that subsection in the course of the performance of duties as an officer or employee of the second person or in the course of acting as an agent of the second person.