Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p113
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 113/212)
Character Range: 297800–300877

998 (8):

  Omit "or (4)".

Section 999:

  Repeal the section, substitute:

False or misleading statements in relation to securities

"999. A person must not make a statement, or disseminate information, that is false in a material particular or materially misleading and:

     (a) is likely to induce the sale or purchase of securities by other persons; or

     (b) is likely to have the effect of increasing, reducing, maintaining or stabilising the market price of securities;

if, when the person makes the statement or disseminates the information:

     (c) the person does not care whether the statement or information is true or false; or

SCHEDULE 1—continued

     (d) the person knows or ought reasonably to have known that the statement or information is false in a material particular or materially misleading.".

Subsection 1000 (1):

  Omit "eligible".

Subsection 1000 (2):

  Omit the subsection.

Subsection 1000 (3):

   (a) Omit "or (2)".

   (b) Omit "or (2) (d)".

Subsection 1001 (1):

Omit "corporation" (wherever occurring), substitute "body corporate".

Subsection 1001 (2):

  Omit the subsection.

Subsection 1002 (1):

Omit "corporation" (wherever occurring), substitute "body corporate".

Subsection 1002 (2):

  Omit "that is a corporation".

Division 1 of Part 7.12:

  Repeal the Division.

Paragraphs 1017 (a) and (b):

  Add at the end "or".

Paragraph 1017 (c):

  Omit "securities; or", substitute "securities.".

Paragraph 1017 (d):

  Omit the paragraph.

Subparagraphs 1018 (5) (a) (i) and (ii):

  After "corresponding" (wherever occurring) insert "previous".

SCHEDULE 1—continued

Subsection 1020a (1):

  Omit the subsection, substitute:

"(1) Subject to section 102a and to subsection (2) of this section, where a registrable prospectus is lodged together with a written application for the registration of the prospectus, the Commission must register the prospectus as soon as possible and in any event within the prescribed period.".

Subsection 1025 (4):

  Omit the subsection.

Paragraph 1030 (1) (b):

Omit "this or any other Act", substitute "this Law, any other law of this jurisdiction".

Subsections 1047 (1) and (2):

  Omit the subsections, substitute:

"(1) A company that issues debentures (whether in this jurisdiction or elsewhere) must keep in Australia a register of holders of debentures, whether issued in this jurisdiction or elsewhere.

"(2) A registered Australian body (other than a registrable local body) that issues debentures:

  (a) in this jurisdiction; or

     (b) whether in this jurisdiction or elsewhere, pursuant to an application in which an address in this jurisdiction was specified as the address of the applicant for the debentures;

must keep in Australia a register of the holders of those debentures.

"(2a) A registered foreign company that issues debentures (whether in this jurisdiction or elsewhere):

     (a) pursuant to an application in which an address in Australia or an external Territory was specified as the address of the applicant for debentures; or

     (b) pursuant