I don't think so 'bloodred',by the looks of the notice he didn't own any shares.He's been a bad lad and his superiors(ultimately the state)are probably trying to save face and will be getting rid of him and the others once ASIC has finished with them.
http://www.theaustralian.com.au/business/chinese-investors-quizzed-on-insider-trading-claims/story-e6frg8zx-1226136272763
director resignation!, page-4
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