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Co-operatives (Adoption of National Law) Act 2012
72Contravention leading to right to recover for loss or damage
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#### 72 Contravention leading to right to recover for loss or damage
72 Contravention leading to right to recover for loss or damage
(cf Corporations Act s 728)
> A co-operative contravenes this section if a disclosure statement is given to a person under section 70 and—
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> > (a) there is—
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> > > (i) a misleading or deceptive statement in the disclosure statement or in any application form or document that accompanies the disclosure statement; or
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> > > (ii) an omission from the disclosure statement of material or information required to be contained in the statement by or under this Law;
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> > and the misleading or deceptive statement or the omission is materially adverse from the point of view of the person to whom it is given; or
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> > (b) the disclosure statement is not current (as referred to in section 70 (1)).