VadeLab
StatuteCorporations Act 2001

Section 952D — Corporations Act 2001: Offence of giving a disclosure document or statement knowing it to be defective

Text of the provision Official document

(1) A person (the providing entity), being a financial services licensee, commits an offence if: (a) the providing entity: (i) gives (see subsection (3)) another person a disclosure document or statement (other than website disclosure information) in circumstances in which the document or statement is required by a provision of this Part to be given to the other person; or (ii) is a financial services licensee and gives (see subsection (3)), or makes available to, another person a disclosure document or statement, being a Financial Services Guide or a Supplementary Financial Services Guide, reckless as to whether the other person will or may rely on the information in it; or (iii) makes available a disclosure document or statement, being website disclosure information, in circumstances in which it is required by a provision of this Part to do so; or (iv) makes available on its website a disclosure document or statement, being website disclosure information, reckless as to whether a person will or may rely on the information; and (b) the providing entity knows that the disclosure document or statement is defective. (2) An authorised representative of a financial services licensee commits an offence if: (a) the representative: (i) gives (see subsection (3)) a person a disclosure document or statement (other than website disclosure information) in circumstances in which the document or statement is required by a provision of this Part to be given to the person; or (ii) gives (see subsection (3)), or makes available to, a person a disclosure document or statement, being a Financial Services Guide or a Supplementary Financial Services Guide, reckless as to whether the person will or may rely on the information in it; or (iii) makes available a disclosure document or statement, being website disclosure information, in circumstances in which it is required by a provision of this Part to do so; or (iv) makes available on its website a disclosure document or statement, being website disclosure information, reckless as to whether a person will or may rely on the information; and (b) the representative knows that the disclosure document or statement is defective. (3) In this section, give means give by any means (including orally),

and is not limited to the meaning it has because of section 940C.

Official source: Federal Register of Legislation

There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.

Search case law on this topic

See judgments from Australian courts and tribunals with a plain-English summary and legal holding.

Explore case law →

Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.