CORPORATIONS ACT 2001 - SECT 732 Lack of knowledge defence for offer information statements and profile statements

CORPORATIONS ACT 2001 - SECT 732

Not knowing statement misleading or deceptive

  (1)   A person does not commit an offence against subsection   728(3), and is not liable under section   729 for a contravention of subsection   728(1), because of a misleading or deceptive statement in an offer information statement or profile statement if the person proves that they did not know that the statement was misleading or deceptive.

Not knowing there was an omission

  (2)   A person does not commit an offence against subsection   728(3), and is not liable under section   729 for a contravention of subsection   728(1), because of an omission from an offer information statement or profile statement in relation to a particular matter if the person proves that they did not know that there was an omission from the statement in relation to that matter.