Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12DB

False or misleading representations

(1) A corporation must not, in trade or commerce, in connection with the supply or possible supply of financial services, or in connection with the promotion by any means of the supply or use of financial services:

(a)
falsely represent that services are of a particular standard, quality, value or grade; or

(b)
falsely represent that a particular person has agreed to acquire services; or

(c)
represent that services have sponsorship, approval, performance characteristics, uses or benefits they do not have; or

(d)
represent that the corporation has a sponsorship, approval or affiliation it does not have; or

(e)
make a false or misleading representation with respect to the price of services; or

(f)
make a false or misleading representation concerning the need for any services; or

(g)
make a false or misleading representation concerning the existence, exclusion or effect of any condition, warranty, guarantee, right or remedy.

(2) This section does not apply to dealings in securities.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback