The Parliamentary Secretary to the Treasurer, Chris Pearce, has released for public comment the Insider Trading Position and Consultation Paper.

The paper sets out the Government’s position on many of the recommendations set out in the Insider Trading Report released by the Corporations and Markets Advisory Committee (CAMAC)on 20 November 2003.

The Government proposes to accept 31 of the recommendations of
CAMAC (on which no further consultation will be made), but is seeking the views of the public on another 7 recommendations.

Importantly one of the outstanding issues is what is "inside information"?

Submissions should be received no later than 2 June 2007.