Document ID: chunk:federal_register_of_legislation:C2004A01719:body:0:p39
Version: federal_register_of_legislation:C2004A01719
Segment Type: other
Provision Reference: 
Character Range: 93309–96045

by virtue of a contract to purchase shares, in an incorporated company that owns the land or building; or
     (c) a right, power or privilege over, or in connexion with, the land.".

Offering gifts and prizes.
32. Section 54 of the Principal Act is amended by inserting after the word "them" the words ", or of not providing them".
33. After section 55 of the Principal Act the following section is inserted:—

Certain misleading conduct in relation to services.
"55a. A corporation shall not, in trade or commerce, engage in conduct that is liable to mislead the public as to the nature, the characteristics, the suitability for their purpose or the quantity of any services.".

Bait advertising.
34. Section 56 of the Principal Act is amended by adding at the end thereof the following sub-sections:—
"(2) A corporation that has, in trade or commerce, advertised goods or services for supply at a special price shall offer such goods or services for supply at that price for a period that is, and in quantities that are, reasonable having regard to the nature of the market in which the corporation carries on business and the nature of the advertisement.
"(3) In a prosecution of a corporation under Part VI in relation to a failure to offer goods or services to a person (in this sub-section referred to as the 'customer') in accordance with sub-section (2), it is a defence if the corporation establishes that—
     (a) it offered to supply, or to procure another person to supply, goods or services of the kind advertised to the customer within a reasonable time, in a reasonable quantity and at the advertised price; or
     (b) it offered to supply immediately, or to procure another person to supply within a reasonable time, equivalent goods or services to the customer in a reasonable quantity and at the price at which the first-mentioned goods or services were advertised,
and, in either case, where the offer was accepted by the customer, the corporation has so supplied, or procured another person to supply, goods or services.".

Misleading statements about certain business activities.
35. Section 59 of the Principal Act is amended—
     (a) by omitting the words "false or misleading statement "and substituting the words "statement that is false or misleading in a material particular"; and
     (b) by adding at the end thereof the following sub-section:—
    "(2) Where a corporation, in trade or commerce, invites, whether by advertisement or otherwise, persons to engage or participate, or to offer or apply to engage or participate, in a business activity requiring the investment of moneys by the persons concerned and the performance by them of work associated with the investment, the corporation shall not