Monday, April 21, 2014

Misleading representation about certain business activities?

Misleading representation about certain business activities?
22 Misleading representations about certain business activities (1) No person shall make a representation that is false or misleading in a material particular concerning the profitability or risk or any other material aspect of any business activity that that person represents as one that can be, or can be to a substantial extent, carried on at or from a person's place of residence. (2) No person who invites, whether by advertisement or otherwise, persons to engage or participate, or to offer or apply to engage or participate, in a business activity requiring--- (a) the performance by the persons concerned of work; or (b) the investment of money by the persons concerned and the performance by them of work associated with the investment--- shall make, with respect to the profitability or risk or any other material aspect of the business activity, a representation that is false or misleading in a material particular. Compare: 1975 No 113 s 48B; 1979 No 40 s 23; Trade Practices Act 1974 s 59 (Aust)

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