Victorian Consolidated Legislation

Crimes Act 1958 - SECT 85

False statements by company directors etc.

85. False statements by company directors etc.







(1) Where an officer of a body corporate or unincorporated association (or
person purporting to act as such), with intent to deceive members or creditors
of the body corporate or association about its affairs, publishes or concurs
in publishing a written statement or account which to his knowledge is or may
be misleading, false or deceptive in a material particular, he is guilty of an
indictable offence and liable to level 5 imprisonment (10 years maximum).

(2) For purposes of this section a person who has entered into a security for
the benefit of a body corporate or association is to be treated as a creditor
of it.

(3) Where the affairs of a body corporate or association are managed by its
members, this section shall apply to any statement which a member publishes or
concurs in publishing in connexion with his functions of management as if he
were an officer of the body corporate or association.