sec.69Restrictions on advertising and publicity (cf Corporations Act s 734 )

sec.69 Restrictions on advertising and publicity (cf Corporations Act s 734 )

A person must not— advertise; or publish a statement that directly or indirectly refers to; an offer, or intended offer, of shares in a distributing co-operative unless a current disclosure statement relating to the shares is— registered with the Registrar under section 68 ; or lodged with the Registrar for registration under section 68 . Maximum penalty—$1,000. Subsection (1) applies in relation to shares in a distributing co-operative only if— the shares are offered to persons who are not shareholders in the co-operative; or the invitation is made to persons who are not shareholders in the co-operative. 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.69-ssec.1) A person must not— advertise; or publish a statement that directly or indirectly refers to; an offer, or intended offer, of shares in a distributing co-operative unless a current disclosure statement relating to the shares is— registered with the Registrar under section 68 ; or lodged with the Registrar for registration under section 68 . Maximum penalty—$1,000. (sec.69-ssec.2) Subsection (1) applies in relation to shares in a distributing co-operative only if— the shares are offered to persons who are not shareholders in the co-operative; or the invitation is made to persons who are not shareholders in the co-operative. (sec.69-ssec.3) 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.69-ssec.4) 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;
• (c) registered with the Registrar under section 68 ; or
• (d) lodged with the Registrar for registration under section 68 .
• (a) the shares are offered to persons who are not shareholders in the co-operative; or
• (b) the invitation is made to persons who are not shareholders in the co-operative.
• (a) publishing a newspaper or magazine; or
• (b) broadcasting by radio or television;