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RETIREMENT VILLAGES ACT 1999 - SECT 86 Misleading or deceptive conduct

RETIREMENT VILLAGES ACT 1999 - SECT 86

Misleading or deceptive conduct

86 Misleading or deceptive conduct

(1) This section applies to a person who is—
(a) a scheme operator; or
(b) a representative of a scheme operator.
(2) The person must not, in relation to the operation of a retirement village scheme, engage in conduct that is misleading or deceptive or is likely to mislead or deceive.
Example of conduct that is misleading or deceptive or is likely to mislead or deceive—
Giving false or misleading information (orally or in writing) to—
(a) the chief executive; or
(b) a resident or prospective resident.
Penalty—
Maximum penalty—200 penalty units.
(3) In this section—


"representative" , of a scheme operator, means—
(a) an employee or agent of the scheme operator; and
(b) if the scheme operator is a corporation—an executive officer of the scheme operator.