New bans on water market manipulation and insider trading now in force
New prohibitions on market manipulation and insider trading in Murray-Darling Basin water markets have commenced, along with disclosure duties for agencies and infrastructure operators. Anyone trading water entitlements or holding non-public market-sensitive information is now exposed to ACCC enforcement.
What it means for business
Consider whether anyone in the business trades Basin water rights and whether information-handling controls now need to cover insider trading risk.
What does this mean for your business?
If this development touches your contracts, compliance or reporting, it may be worth a short conversation. Get in touch through our contact page and a senior lawyer will reply within one business day.
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This register contains general information only and does not constitute legal advice. Envision Legal accepts no liability for any loss arising from reliance on this content. You should seek independent legal advice tailored to your specific circumstances. For enquiries, contact Envision Legal.