Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12DD

             (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 .