Commonwealth Numbered Acts

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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 199

False evidence

(1) A person must not:

(a)
in a written submission given to the Panel for the purposes of Panel proceedings; or

(b)
while appearing before the Panel in Panel proceedings;

give information or evidence that is false or misleading in a material particular.

Penalty: 10 penalty units or imprisonment for 3 months, or both.

(2) It is a defence to a prosecution for a contravention of subsection (1) if it is proved that the defendant, when giving the information or evidence, believed on reasonable grounds that it was true and not misleading.


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