267
In forceComments by committee members not to be false or misleading
Chapter 8Records and accounts
Part 3Accounts and audit
Division 5Reporting requirements
267 Comments by committee members not to be false or misleading
Where a member of the committee of management of a reporting unit:
(a)
provides to members of the reporting unit; or
(b)
publishes in a journal; or
(c)
presents to a general meeting of the members of the reporting unit or a meeting of the committee of management of the reporting unit;
comments on a matter dealt with in a report, accounts or statements of the kind referred to in subsection 265(1), or in a concise report as described in subsection 265(3), the member must not, in the comments, make a statement if the person knows, or is reckless as to whether, the statement is false or misleading.
Civil penalty: 100 penalty units.
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