Document ID: chunk:federal_register_of_legislation:C2025C00185:section:769c
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 769C
Character Range: 3060979–3061681

769C  Representations about future matters taken to be misleading if made without reasonable grounds
 (1) For the purposes of this Chapter, or of a proceeding under this Chapter, if:
 (a) a person makes a representation with respect to any future matter (including the doing of, or refusing to do, any act); and
 (b) the person does not have reasonable grounds for making the representation;
the representation is taken to be misleading.
 (2) Subsection (1) does not limit the circumstances in which a representation may be misleading.
 (3) In this section:
proceeding under this Chapter has the same meaning as it has in section 769B.

Part 7.2—Licensing of financial markets

Division 1—Preliminary