Also should there be a share issue in the future they probably...

Also should there be a share issue in the future they probably have option of first dibbs firm allocation to get shares allocated via broker.

Via companies , blind trusts and extended family relationships of which are considered far enough away to be at "arms length " there are many ways to invest indirectly and not break ASIC asx rules that are pretty much IMO not enforced anyway and don't come under interests statements required.

Blackout rules are set specifically around company events and reporting periods but also internally all transactions that are done should be reported and many companies have internal blackouts for staff far exceeding mandated ones and use individual approval of transaction by MD compliance or CEO to limit company risk of insider trading. You have probably seen in other ASX listed companies whne they are collapsing the " I sold due to family reasons " " forgot to lodge in time " etc etc all of which are rarely if ever penalised IMO so there is no big stick.

Good companies apart from stat decs internally regarding interests on a quarterly basis insist that all staff trades are executed through house broker so company can manage their reputational risk of insider style trading and they also regularly scan register for staff names , addresses and movements to actively ensure compliance.

Obviosuly soem companies do it better and more dilligemntly than others an with access to CFD etc taht are not underlying shares on the register there are many ways in which someone could work around the system.

A classic example only a few years ago was Innate Immunotherapeutics and drug trail failure. If you google that company and insider trading with names like Collins ,Zarsky you will see just how little teeth rules have and only fear in that example was that USA has much tougher draconian rules but were happy to simply issue and accept fine ( less than $ made) and then Aus authorities considered matter closed . No one followed up all teh trades by other friends and further arms length family so scale was probably bigger that noted. . Pretty pathetic really IMO.