Section 1043I — Corporations Act 2001 (Cth)

(1) A body corporate does not contravene subsection 1043A(1) by entering into a transaction or agreement in relation to financial products issued by another person merely because the body corporate is aware that it proposes to enter into, or has previously entered into or proposed to enter into, one or more transactions or agreements in relation to financial products issued by the other person or by a third person.

(2) Subject to subsection (3), a body corporate does not contravene subsection 1043A(1) by entering into a transaction or agreement in relation to financial products issued by another person merely because an officer or employee of the body corporate is aware that the body corporate proposes to enter into, or has previously entered into or proposed to enter into, one or more transactions or agreements in relation to financial products issued by the other person or by a third person.

(3) Subsection (2) does not apply unless the officer or employee of the body corporate became aware of the matters referred to in that subsection in the course of the performance of duties as such an officer or employee.

Related sections

• s 1043F — Chinese wall arrangements by bodies corporate
• s 1043G — Chinese wall arrangements by partnerships etc.
• s 1043H — Exception for knowledge of person’s own intentions or activities
• s 1043J — Exception for officers or agents of body corporate
• s 1043K — Transactions by holder of financial services licence or a representative of the holder of such a licence
• s 1043L — A specific situation in which a compensation order under section 1317HA may be made

Research how courts apply s 1043I

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