This case has been one amongst the various Australian cases which results in a conviction for the act of insider trading, making it a precedent case in this area of the law. In the light of decision of this case which was passed by the New South Wales of Court of Criminal Appeal various improvements in the Australian Law relating to insider trading has been discussed.One of the exceptionally complex and convoluted areas of Corporate law was Insider Trading Regulation. It has been considered by the adjudicators and the academics that, the Laws concerning to Insider trading were exaggeratedly multifaceted, and indistinguishable. Also, the laws were implied in such as language which was hard to understand and applied.In this context, Mr. Rene Rivkin’s examination and belief for insider trading was observed as a precedent case in the state for numerous reasons such as: It was one of few booming cases more than ever following an appeal of “not guilty”;An uncommon chance for a superior court was provided by making a petition against the certainty at trial which was made to examine the elements of insider trading offence; and numerous lawful arguments were raised at the examination and on appeal were original and a consideration of those issues which affords a greater understanding of the offence itself.As there were some of the few verdicts which were made on this significant area but for the complex area of corporate law, the pronouncement in this present case was consequently precious to the academic writers of the corporation and securities law. The verdict of the New South Wales Court of Criminal Appeal scrutinizes various facets of the insider trading offence, the most significant and momentous of which were:(a) whether the foundation of data could form part of the data itself;(b) whether data must be acknowledged under an duty of self-assurance;(c) whether the tests to decide what an supposed insider trader knew or ought to have known were prejudiced or intentional in character; and(d) whether the source of data was pertinent to its level of materiality