Australian Securities and Investments Commission Act 1989
128Certain persons not to deal on the basis of certain information
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128 Certain persons not to deal on the basis of certain information
Where: (a) because of being, or having at any time been, or acting as, or having at any time acted as, a member or staff member; or (b) because of being, or having at any time been, a Commission delegate; or (c) in the course of assisting, or because of assisting, or having at any time assisted, a Commission delegate; a person has acquired information that is not generally available but that, if it were, would be likely to affect materially the price for dealing in a futures contract, the person must not deal in, or procure another person to deal in, that futures contract or a futures contract of the same kind as that futures contract.
Penalty: 200 penalty units or imprisonment for 5 years, or both.