major sellers, page-73

From ASX:

"DIRECTORS LEGAL RESPONSIBILITIES, THE
INSIDER TRADING PROHIBITIONS AND
MANDATORY REPORTING
The Corporations Act requires directors and senior
executives (officers) to exercise powers and discharge
duties in good faith, in the best interest of the company
and for a proper purpose.
The law requires that directors represent the interest
of all shareholders. Directors should not put their own
interests or those of other corporations or investors
that they may nominally represent on the board, before
the interests of shareholders.
Directors and senior executives may not apply for,
acquire or dispose of shares in a company if they
possess inside information. They may not arrange for
trades to be made on their behalf. And they may not
communicate information to others who might gain
advantage from it.
Insider information is broadly defined in the law. It
includes all information that is not generally available to
the public, and information that the insider trader knew
or ought to have known might have a material effect
on the price or value of the companys shares and
other financial instruments.
Directors with a material personal interest in a
matter under discussionfor example, the director
owns shares in a third party contractormust give
notice to the other directors of the company.
Directors should be aware that they are still exposed to
insider trading restrictions for a period after they retire
from a board.
The law requires annual reports of publicly listed
companies to show directors shareholdings and
changes to the holdings in the company they serve.
Directors of listed companies are required to notify the
share market of relevant interests in securities of the
company or a related body corporate and of contracts
to which the director is a party or under which the
director is entitled to benefits."