Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1308:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1308 (pt 2/3)
Character Range: 5459085–5461650

if:
 (a) a document:
 (i) is required under or for the purposes of this Act; or
 (ii) is lodged with or submitted to ASIC or the Registrar; 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.
Note 1: For when a document is materially false or misleading, see subsection (6).
Note 2: This subsection is a civil penalty provision (see section 1317E).

When a document is materially false or misleading
 (6) 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.

Other interpretive provisions
 (7) 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.
 (8) For the purposes of this section, a statement, report or other document that:
 (a) relates to affairs of a company or of a subsidiary of a company; and
 (b) is attached to or included with a report of the directors provided under section 314 to members of the company or laid before the company at an annual general meeting of the company;
is taken to be part of the report referred to in paragraph (b) of this subsection, even if it is not otherwise required by this Act to be laid before the company in general meeting.
 (9) For the purposes of this section:
 (a) a notice under subsection 708AA(2), 708A(5), 1012DAA(2) or 1012DA(5) is taken to be a notice required for the purposes of this Act; and
 (b) a notice under subsection 708AA(2), 708A(5), 1012DAA(2) or 1012DA(5) is taken to be misleading in a material respect if it fails to comply with paragraph 708AA(7)(d), 708A(6)(e), 1012DAA(7)(e) or 1012DA(6)(f).