Commonwealth Repealed Acts

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This legislation has been repealed.

CORPORATIONS LAW
- SECT 999

False or misleading statements in relation to
securities

A person must not make a statement, or disseminate information, that is false in a material particular or materially misleading and:

(aa)
is likely to induce other persons to subscribe for securities; or
(a)
is likely to induce the sale or purchase of securities by other persons; or
(b)
is likely to have the effect of increasing, reducing, maintaining or stabilising the market price of securities;

if, when the person makes the statement or disseminates the information:

(c)
the person does not care whether the statement or information is true or false; or
(d)
the person knows or ought reasonably to have known that the statement or information is false in a material particular or materially misleading.


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