Commonwealth Repealed Acts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This legislation has been repealed.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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