Document ID: chunk:federal_register_of_legislation:C2023A00111:clause:3_101jj
Version: federal_register_of_legislation:C2023A00111
Segment Type: clause
Provision Reference: sch 3 cl 101JJ
Character Range: 122433–123396

101JJ  False trading and market rigging—artificially maintaining etc. trading price
 (1) A person must not make a fictitious or artificial offer for an eligible tradeable water right, or enter into, or engage in a fictitious or artificial trade or transfer of an eligible tradeable water right if that offer, trade or transfer results in:
 (a) the price for trading in eligible tradeable water rights being maintained, inflated or depressed; or
 (b) fluctuations in the price for trading in eligible tradeable water rights.
Civil penalty: For an individual—2,000 penalty units.
  For a body corporate—see section 101K.
 (2) In determining whether an offer, trade or transfer is fictitious or artificial for the purposes of subsection (1), the fact that the offer, trade or transfer is, or was at any time, intended by the parties who made or received the offer, or who entered into the trade or transfer, to have effect according to its terms is not conclusive.