Dalzell, who appeared before Justice Hall at the Supreme Court in Sydney, traded in the shares of printing company Promentum in 2006.

At the time of the purchase of the 40,000 shares, Dalzell possessed inside information which he’d acquired in the course of working as a corporate adviser with KPMG about a proposal by Promentum to acquire McMillan Group. KPMG was advising Promentum on the proposal.

Dalzell pleaded guilty to one charge of insider trading on 10 November 2010.

In sentencing Dalzell, Justice Hall said, “A term of imprisonment served under an Intensive Correction Order is a significant sentence and more onerous than a suspended sentence.”

The matter was prosecuted by the Commonwealth Director of Public Prosecutions.

Dalzell must comply with the supervisor’s directions and other conditions throughout the two year period of the sentence.

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