Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1309:p3
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1309 (pt 3/3)
Character Range: 5466654–5467982

(ii) if the person is an individual—someone other than an employee or agent of the individual; and
 (b) the reliance placed on that information by the person was reasonable in all the circumstances.
Note: This subsection applies in relation to information given to CCIVs with modifications: see section 1242D.
 (10) For the purposes of subsection (2), a person is taken to have taken reasonable steps to ensure that information did not have omitted from it any matter or thing the omission of which rendered the information misleading in a material respect if the person proves that:
 (a) the person relied on information given to the person by:
 (i) if the person is a body—someone other than a director, employee or agent of the body; or
 (ii) if the person is an individual—someone other than an employee or agent of the individual; and
 (b) the reliance placed on that information by the person was reasonable in all the circumstances.
Note: This subsection applies in relation to information given to CCIVs with modifications: see section 1242D.

Fault‑based offence
 (11) A person commits an offence if the person contravenes subsection (1) or (2).

Civil liability
 (12) A person contravenes this subsection if the person contravenes subsection (2).
Note: This subsection is a civil penalty provision (see section 1317E).