“5A No liability under Act if not liable under Securities Act 1978 or Securities Markets Act 1988

• A court hearing a proceeding brought against a person under this Act must not find that person liable for conduct—

  • “(a) that is regulated by the Securities Act 1978 if that person would not be liable for that conduct under that Act:

  • “(b) that is regulated by the Securities Markets Act 1988 if that person would not be liable for that conduct under that Act.

“5B Act does not apply to certain conduct regulated by takeovers code

• Nothing in this Act applies to conduct in relation to any transaction or event regulated by the takeovers code that is in force under the Takeovers Act 1993 or incidental or preliminary to a transaction or event that is or is likely to be regulated by that code.”

“48A Sharing of information with Securities Commission or Takeovers Panel

• “(1) The Commission may communicate to the Securities Commission or the Takeovers Panel any information that the Commission—

  • “(a) holds in relation to the exercise of the Commission's powers, or the performance of its functions and duties, in respect of this Act; and

  • “(b) considers may assist the Securities Commission or the Takeovers Panel in the exercise of their powers, or the performance of their functions and duties, in respect of false, misleading, or deceptive conduct under the Securities Act 1978 or the Securities Markets Act 1988 or the Takeovers Act 1993 or the takeovers code in force under that Act.

  “(2) The Commission may use any information communicated to it by the Securities Commission under section 17B of the Securities Act 1978 or by the Takeovers Panel under section 15B of the Takeovers Act 1993 in the Commission's exercise of its powers, or the performance of its functions and duties, in respect of this Act.

  “(3) This section applies despite anything to the contrary in any enactment, contract, deed, or document.”