Document ID: chunk:federal_register_of_legislation:C2020A00003:clause:13_225:p2
Version: federal_register_of_legislation:C2020A00003
Segment Type: clause
Provision Reference: sch 13 cl 225 (pt 2/2)
Character Range: 78906–80429

is lodged with or submitted to ASIC under or for the purposes of this Act; and
 (b) the person:
 (i) makes, or authorises the making of, a statement in a document; or
 (ii) omits, or authorises the omission of, a matter or thing from a document; and
 (c) the document is materially false or misleading because of the statement or omission; and
 (d) the person did not take all reasonable steps to ensure that the document was not materially false or misleading because of the statement or omission.
Civil penalty: 5,000 penalty units.
Note: For when a document is materially false or misleading, see subsection (5).

When a document is materially false or misleading
 (5) For the purposes of this section, a document is materially false or misleading if:
 (a) the document includes a statement that:
 (i) is false in a material particular or materially misleading; or
 (ii) is based on information that is false in a material particular or materially misleading, or has omitted from it a matter or thing the omission of which renders the document materially misleading; or
 (b) a matter or thing is omitted from the document and, without the matter or thing, the document is false in a material particular or materially misleading.

Authorisations
 (6) For the purposes of this section, a person who votes in favour of a resolution approving, or who otherwise approves, a document is taken to have authorised:
 (a) the making of any statement in the document; and
 (b) the omission of any matter or thing from the document.