Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person must not, in trade or commerce, in connection with:
(a) the supply or possible supply of financial services; or
(b) the promotion by any means of the supply or use of financial services;
make a representation about an amount that, if paid, would constitute a part of the consideration for the supply of the services unless the person also specifies the cash price for the services.
Note: Failure to comply with this subsection is an offence (see section 12GB).
(2) This section does not apply to dealings in securities (within the meaning of Chapter 6 of the Corporations Act).
(3) An offence under subsection 12GB(1) relating to subsection (1) of this section is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .