Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_1041a
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 1041A
Character Range: 686110–686960

1041A  Market manipulation

  A person must not take part in, or carry out (whether directly or indirectly and whether in this jurisdiction or elsewhere):
 (a) a transaction that has or is likely to have; or
 (b) 2 or more transactions that have or are likely to have;
the effect of:
 (c) creating an artificial price for trading in financial products on a financial market operated in this jurisdiction; or
 (d) maintaining at a level that is artificial (whether or not it was previously artificial) a price for trading in financial products on a financial market operated in this jurisdiction.

Note 1: Failure to comply with this section is an offence (see subsection 1311(1)).

Note 2: This section is also a civil penalty provision (see section 1317E). For relief from liability to a civil penalty relating to this section, see section 1317S.