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COMMONWEALTHAct
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s 101JG

Market manipulation

In force
Volume 1Parts 1 to 10A (sections 1 to 239W)
Part 6Commonwealth Environmental Water Holder
Division 1Establishment and functions

101JG Market manipulation

A person must not take part in, or carry out (whether directly or indirectly) a trade or transfer of an eligible tradeable water right that has, or is likely to have, the effect of:

(a)

creating an artificial price for eligible tradeable water rights; or

(b)

maintaining at a level that is artificial (whether or not it was previously artificial) a price for eligible tradeable water rights.

Civil penalty: For an individual—2,000 penalty units.

For a body corporate—see section 101K.

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