Employees working for publicly traded companies might have access to information from time to time that can give them an edge when it comes to trading securities. Using information that is available to everyone to make smart trading decisions is acceptable. But when the information isn't available to the public, using it means you could be guilty of insider trading. Insider trading is illegal in Australia and therefore it's essential that employees understand what actions can be seen as insider trading so they can avoid them. In this course, you'll explore what insider trading is and who insiders are. You'll gain a better understanding of the specific legal prohibitions in the Corporations Act, and learn about the penalties individuals and companies can face if they don't comply.
This course was developed with subject matter support provided by the law firm of Jackson McDonald. Please note, however, that the course materials and content are for informational purposes only and do not constitute legal advice and may or may not reflect the most current legal developments. Nothing herein, or in the course materials, shall be construed as professional advice as to any particular situation or constitute a legal opinion with respect to compliance with legal statutes or statutory instruments. Jackson McDonald accepts no responsibility for their contents and the reliance on the contents is prohibited and at the user’s risk. Transmission of the information is not intended to create, and receipt does not constitute, a solicitor-client or attorney-client relationship. Readers should not act upon this information without seeking independent legal advice.
Australia Insider Trading