The Law of Insider Trading in Australia
Publication Date :
1 Jan 2005
This book provides a detailed and practical analysis of Australian Insider Trading Laws. Examines all fundamental concepts relating to insider trading such as a "who is an insidera (TM), a "what is inside informationa (TM) and a "when is information generally availablea (TM), together with commentaries on proposed changes to the laws and an examination of the impact of the most recent decisions, including Hannes, and Rivkin; Provides a very detailed examination of the defences and exceptions, with particular attention to the operation of Chinese Walls; Analyses fully and systematically the provisions on insider trading in the Corporations Act and the Criminal Code (Cth) within the context of decided cases and relevant secondary materials;Covers comprehensively the penalties and remedies for contravention of the insider trading regime. This includes the intricate civil compensation provisions, and an up-to-date analysis of the civil penalties regime in light of ASIC v Petsas; Discusses the operation and effectiveness of continuous disclosure as a means of preventing insider trading.