THE CORPORATIONS LAW

CHAPTER 8 - THE FUTURES INDUSTRY

PART 8.7 - OFFENCES

Division 2 - General

SECTION 1261   FALSE OR MISLEADING STATEMENTS ETC.  

1261    A person contravenes this section if the person:

(a)  in this jurisdiction or elsewhere, makes a statement, or disseminates information, that is false or misleading in a material particular and is likely:

(i) to induce other persons to deal in futures contracts on a futures market in this jurisdiction; or

(ii) to have the effect of raising, lowering, maintaining or stabilising the price for dealings in futures contracts, or in a class of futures contracts, on a futures market in this jurisdiction; and

(b)  when making the statement, or disseminating the information:

(i) is recklessly indifferent as to whether the statement or information is true or false; or

(ii) knows, or ought reasonably to know, that the statement is false or misleading in a material particular.