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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