THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.11 - CONDUCT IN RELATION TO SECURITIES

Division 2A - Insider trading

SECTION 1002B   INFORMATION GENERALLY AVAILABLE  

1002B(1)  [Effect of section]  

This section has effect for the purposes of this Division and section 1013.

1002B(2)  [Generally available information]  

Information is generally available if:

(a)  it consists of readily observable matter; or

(b)  without limiting the generality of paragraph (a), both 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 securities of bodies corporate of a kind whose price or value might be affected by the information; and

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

1002B(3)  [Deductions, conclusions or inferences]  

Information is also generally available if it consists of deductions, conclusions or inferences made or drawn from either or both of the following:

(a)  information referred to in paragraph (2)(a);

(b)  information made known as mentioned in subparagraph (2)(b)(i).