Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person must not:
(a) in a written submission given to the Takeovers Panel for the purposes of Takeovers Panel proceedings; or
(b) while appearing before the Takeovers Panel in Takeovers Panel proceedings;
give information or evidence that is false or misleading in a material particular.
Penalty: 3 months imprisonment.
(2) It is a defence to a prosecution for a contravention of subsection (1) if it is proved that the defendant, when giving the information or evidence, believed on reasonable grounds that it was true and not misleading.
Note: A defendant bears a legal burden in relation to the matters in subsection (2), see section 13.4 of the Criminal Code .