InsiderTrading

ASIC Deputy Chairman Belinda Gibson said the seriousness ofinsidertrading means ASIC will vigorously pursue any matter
in which the corporate community use inside information of others fortheir own benefit.

It is imperative that our markets operate

fairly and efficiently, and we will continue to use our powers, people and systems to identify and pursue those who compromise these
values’, Ms Gibson said.”

ASIC Media Release 13-049MR, ‘Former Consultant Sentenced for InsiderTrading’, 14 March 2013

Identify

and explain whether you agree or disagree with the viewthat the prohibition ofinsidertrading underthe Corporations Act 2001 (Cth)
assists the financial market operate fairly and efficiently.

Word length: 3,000 (subject to 10% leeway) (not including footnotes, but

footnotes to be limited to a maximum of1,000 words)

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STRUCTURE/HEADINGS:

ABSTRACT

INTRODUCTION

DEBATE

POSITION

OUTLINE

DEBATE

ANALYSIS

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