339Restrictions on advertising and publicity

#### 339 Restrictions on advertising and publicity 339 Restrictions on advertising and publicity > > (1) A person must not— > > > > > (a) advertise; or > > > > > (b) publish a statement that directly or indirectly refers to; > > > > an offer, or intended offer, of debentures in a co-operative unless a disclosure statement relating to the debentures is approved by the Registrar under section 338. > > > > Maximum penalty—$1,000. > > > (2) A person does not contravene subsection (1) by publishing an advertisement or statement if they publish it in the ordinary course of a business of— > > > > > (a) publishing a newspaper or magazine; or > > > > > (b) broadcasting by radio or television; > > > > and the person did not know and had no reason to suspect that its publication would amount to a contravention of a provision of that subsection. > > > (3) An offence based on subsection (1) is an offence of strict liability.