Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 769C

Representations about future matters taken to be misleading if made without reasonable grounds

             (1)  For the purposes of this Chapter, or of a proceeding under this Chapter, if:

                     (a)  a person makes a representation with respect to any future matter (including the doing of, or refusing to do, any act); and

                     (b)  the person does not have reasonable grounds for making the representation;

the representation is taken to be misleading.

             (2)  Subsection (1) does not limit the circumstances in which a representation may be misleading.

             (3)  In this section:

"proceeding under this Chapter" has the same meaning as it has in section 769B.



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