Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p127
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 127/212)
Character Range: 335331–338446

False or misleading statements etc.

  "1261. A person contravenes this section if the person:

     (a) in this jurisdiction or elsewhere, makes a statement, or disseminates information, that is false or misleading in a material particular and is likely:

         (i) to induce other persons to deal in futures contracts on a futures market in this jurisdiction; or

         (ii) to have the effect of raising, lowering, maintaining or stabilising the price for dealings in futures contracts, or in a class of futures contracts, on a futures market in this jurisdiction; and

  (b) when making the statement, or disseminating the information:

         (i) is recklessly indifferent as to whether the statement or information is true or false; or

         (ii) knows, or ought reasonably to know, that the statement is false or misleading in a material particular.".

Subsection 1262 (1):

     (a) Omit "Where a person (in this section called "person A")", substitute "A person must not".

     (b) Omit all the words from and including "induces" to the end of the subsection, substitute "induce or attempt to induce another person to deal in a futures contract or a class of futures contracts.".

Subsections 1262 (2), (3), (4), (5) and (6):

  Omit the subsections.

Paragraph 1263 (a):

     (a) Before "a person circulates" insert "in this jurisdiction or elsewhere,".

   (b) Omit "Australia", substitute "this jurisdiction".

Subsection 1264 (1):

Omit "each of the succeeding subsections has effect without prejudice to the effect of any of the others", substitute "the person contravenes this section".

Subsections 1264 (2), (3) and (4):

  Omit the subsections.

Subsections 1266 (1), (2), (3) and (4):

  Omit "an eligible", substitute "a".

SCHEDULE 1—continued

Subsections 1266 (4) and (7):

  Omit "An eligible", substitute "A".

Paragraph 1266 (4) (b):

  Omit "Act", substitute "Law".

Paragraphs 1266 (6) (a) and (8) (a):

  Omit "an eligible", substitute "a".

Subsections 1267 (1), (4), (8) and (10):

  Omit "an eligible" (wherever occurring), substitute "a".

Subsections 1267 (2) and (5):

  Omit "An eligible futures broker", substitute "A person".

Subsections 1267 (3) and (6):

  Omit "An eligible futures adviser", substitute "A person".

Subsection 1267 (10):

  Omit "eligible" (third, fourth, fifth and sixth occurring).

Paragraphs 1268 (1) (a) and (c):

  (a) Omit "Act", substitute "Chapter".

  (b) Omit "a Territory", substitute "this jurisdiction".

Subsection 1269 (1):

  (a) Omit "corporation that", substitute "person who".

  (b) Omit "corporation is", substitute "person is".

Subsections 1269 (3) and (4):

  (a) Omit "corporation that", substitute "body corporate that".

  (b) Omit "corporation is", substitute "body is".

Paragraph 1271 (1) (a):

  (a) Omit "an eligible", substitute "a".

  (b) Omit "Act", substitute "Law".

Paragraph 1271 (1) (b):

  Omit "in Australia", substitute "in this jurisdiction".

Subsection 1271 (2):

  Omit "Act" (twice occurring), substitute "Law or the ASC Law".

SCHEDULE 1—continued

Amendments of Chapter 9

Subsection 1274