The Corporations (Low Volume Financial Markets) Exemption Notice 2003 means that a 'Low Volume Financial Market' is an exempt financial market.

Low Volume is defined as no more than 100 completed transactions having a total sale value of not more than $500,000 in any 12 month period.

There are limits, of course. Naturally it's wise to get expert legal advice, but the key conditions are:

- the operator must register with ASIC,
- no operator can operate more than two exempt markets,
- the market may only operate with regard to financial products issued by the operator of the market.

iniPax is not a market operator. It is a provider of services that make life easier for the actual operator.

iniPax offers:

iniPax Registry ... a database of shareholders and their holdings which is accessible online to registered shareholders and the company secretary. It's maintained independently by iniPax and it's secure because what's viewed on-line is only a mirror image of the real database - which is entirely off-line and protected.

Transaction Reporting ... a window to the world, if required, through which the company's share transactions can be reported.

These services can be accessed publicly or they can be completely private.