Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1010

1010. (1) A person referred to in paragraph 1006 (2) (f), (g) or (h) who is
named in, or a person referred to in paragraph 1006 (2) (h) who has authorised
or caused the issue of, part only of the prospectus is not liable in an action
under section 1005 in respect of a false or misleading statement in, or an
omission from, the prospectus if it is proved that:

   (a)  the statement was not included in, or the matter was not omitted from,
        that part of the prospectus; or

   (b)  in the case of a statement-the statement was not included in, or
        substantially in, the form and context that the person had agreed to.

(2) For the purposes of subsection (1), a person referred to in paragraph 1006
(2) (f), (g) or (h) shall not be taken to be named in part only of the
prospectus unless the prospectus includes an express statement that the person
was involved only in the preparation of that part.