THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 7 - SECURITIES

PART 7.11 - CONDUCT IN RELATION TO SECURITIES

CCH Note: Div 1 of Part 7.11 (sec 994) repealed by No 156 of 1999, Sch 3, Pt 1 (effective 13 March 2000).

Division 2 - Prohibited conduct

SECTION 999   FALSE OR MISLEADING STATEMENTS IN RELATION TO SECURITIES  

999    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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History

S 999 amended by No 31 of 1994, Sch 2, Pt 1 (effective 4 September 1994).

S 999 substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).

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