Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1021E

             (1)  A person commits an offence if:

                     (a)  the person prepares (or has someone else prepare for them) a disclosure document or statement (not being information required by paragraph 1012G(3)(a)); and

                     (b)  the disclosure document or statement is defective; and

                     (c)  the person:

                              (i)  gives (see subsection (5)) another person the disclosure document or statement in circumstances in which it is required by a provision of this Part to be given to the other person; or

                             (ii)  gives (see subsection (5)), or makes available to, another person a disclosure document or statement, reckless as to whether the other person will or may rely on the information in it.

Note:          A defendant bears an evidential burden in relation to the matters in sections 1012D, 1012DAA, 1012DA and 1012E.

             (2)  A person commits an offence if:

                     (a)  the person prepares (or has someone else prepare for them) a disclosure document or statement (not being information required by paragraph 1012G(3)(a)); and

                     (b)  the disclosure document or statement is defective; and

                     (c)  the person gives (see subsection (5)), or makes available to, another person the disclosure document or statement, reckless as to whether the other person, or someone else, will or may give it, or make it available, to another person as mentioned in subparagraph (1)(c)(i) or (ii).

             (3)  For the purposes of an offence based on subsection (1) or (2), strict liability applies to the physical element of the offence specified in paragraph (1)(b) or (2)(b).

Note:          For strict liability , see section 6.1 of the Criminal Code .

             (4)  In any proceedings against a person for an offence based on subsection (1) or (2), it is a defence if the person took reasonable steps to ensure that the disclosure document or statement would not be defective.

Note:          A defendant bears an evidential burden in relation to the matters in subsection (4). See subsection 13.3(3) of the Criminal Code .

             (5)  In this section, give means give by any means (including orally), and is not limited to giving in accordance with section 1015C.