THE CORPORATIONS LAW

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 7 - SECURITIES

PART 7.11 - CONDUCT IN RELATION TO SECURITIES

CCH Note: Div 1 of Part 7.11 (sec 994) repealed by No 156 of 1999, Sch 3, Pt 1 (effective 13 March 2000).

Division 2A - Insider trading

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History

Div 2A of Pt 7.11 inserted by No 110 of 1991, Sch 4 (effective 1 August 1991).

SECTION 1002B   INFORMATION GENERALLY AVAILABLE  

1002B(1)  [Effect of section]  

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

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S 1002B(1) inserted by No 110 of 1991, Sch 4 (effective 1 August 1991).

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.

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S 1002B(2) inserted by No 110 of 1991, Sch 4 (effective 1 August 1991).

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).

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S 1002B(3) inserted by No 110 of 1991, Sch 4 (effective 1 August 1991).

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