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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 199 False evidence

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 199

False evidence

  (1)   A person must not:

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

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

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

Penalty:   3 months imprisonment.

  (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.

Note:   A defendant bears a legal burden in relation to the matters in subsection   (2), see section   13.4 of the Criminal Code .