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Who, if anyone, faces liability for the statements in the prospectus and what are the possible outcomes? Answer with reference to the Corporations Act 2001

Who, if anyone, faces liability for the statements in the prospectus and what are the possible outcomes? Answer with reference to the Corporations Act 2001 (Cth); and (b) What causes of legal action are open to ASIC, the regulator? Answer with reference to the Corporations Act 2001 (Cth).

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