SECURITIES INDUSTRY ACT 1980 No. 66, 1980 - SECT 91 Defences

SECURITIES INDUSTRY ACT 1980 No. 66, 1980 - SECT 91

91. (1) It is a defence to a prosecution for failing to comply with section 
89 or 90 if the defendant establishes that his failure was due to his not
being aware of a fact or occurrence the existence of which was necessary to
constitute the offence and that-

   (a)  he was not so aware on the date of the information;

   (b)  he became so aware less than 14 days before the date of the
        information; or

   (c)  he became so aware not less than 14 days before the date of the
        information and complied with the relevant section within 14 days
        after becoming so aware.

(2) For the purposes of this Part, a person shall, in the absence of proof to
the contrary, be presumed to have been aware at a particular time of a fact or
occurrence relating to securities, being a fact or occurrence of which a
servant or agent of the person, being a servant or agent having duties or
acting in relation to his master's or principal's interest in the relevant
securities, was aware at that time.