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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12DA

Misleading or deceptive conduct

             (1)  A person must not, in trade or commerce, engage in conduct in relation to financial services that is misleading or deceptive or is likely to mislead or deceive.

          (1A)  Conduct:

                     (a)  that contravenes:

                              (i)  section 670A of the Corporations Act (misleading or deceptive takeover document); or

                             (ii)  section 728 of the Corporations Act (misleading or deceptive fundraising document); or

                     (b)  in relation to a disclosure document or statement within the meaning of section 953A of the Corporations Act; or

                     (c)  in relation to a disclosure document or statement within the meaning of section 1022A of the Corporations Act;

does not contravene subsection (1). For this purpose, conduct contravenes the provision even if the conduct does not constitute an offence, or does not lead to any liability, because of the availability of a defence.

             (2)  Nothing in sections 12DB to 12DN limits by implication the generality of subsection (1).



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