I have just resent this letter and added this section of the Australian Companies Act,kindly pointed out to me by fellow HC member (Thermionic). I will keep you posted on any replies I receive.
KIMBO :)
Kimbo,
you may want to include a section from the "Corporations Act 2001" Section 1041A ?
Chapter 7 Financial services and markets Part 7.10 Market misconduct and other prohibited conduct relating to financial products and financial services Division 2 The prohibited conduct (other than insider trading prohibitions) Section 1041A 484 Corporations Act 2001 Division 2—The prohibited conduct (other than insider trading prohibitions) 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.
You can download the legislation from here: Corporatrions Act 2001 vol04_sect760A1200U_WD02 (PDF 1.5MB) Read: pp.484-491 (511 in PDF reader).
