Document ID: chunk:federal_register_of_legislation:C2004C01260:clause:1_75azb
Version: federal_register_of_legislation:C2004C01260
Segment Type: clause
Provision Reference: sch 1 cl 75AZB
Character Range: 49749–50611

75AZB  Interpretation

 (1) For the purposes of this Division, if:
 (a) a corporation makes a representation about a future matter (including the doing of, or the refusing to do, an act); and
 (b) the corporation does not have reasonable grounds for making the representation;
the representation is taken to be misleading.

 (2) For the purposes of the application of subsection (1) in proceedings relating to a representation made by a corporation about a future matter, the corporation is taken not to have had reasonable grounds for making the representation, unless it adduces evidence to the contrary.

 (3) Subsection (1) does not limit by implication the meaning of a reference in this Division to a misleading representation, a representation that is misleading in a material particular or conduct that is misleading or is likely or liable to mislead.