sec.339Restrictions on advertising and publicity

sec.339 Restrictions on advertising and publicity

A person must not— advertise; or 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. 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— publishing a newspaper or magazine; or 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. An offence based on subsection (1) is an offence of strict liability. (sec.339-ssec.1) A person must not— advertise; or 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. (sec.339-ssec.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— publishing a newspaper or magazine; or 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. (sec.339-ssec.3) An offence based on subsection (1) is an offence of strict liability.

• (a) advertise; or
• (b) publish a statement that directly or indirectly refers to;
• (a) publishing a newspaper or magazine; or
• (b) broadcasting by radio or television;