What happens when the bidder excludes relevant information from their statement?

• Usually a bidder will be required to prepare a supplementary bidder's statement to remedy the omission.
• This will be the case when a bidder becomes aware of:
  • a misleading or deceptive statement;
  • an omission from the statement that is otherwise required by the legislation.
• Alternatively if a misleading or deceptive statement has been made the company or individual who drafted the statement may be in breach of the Corporations Act 2001 (Cth) and could even be held criminally liable in some circumstances.
• Our Phone a Lawyer service may be able to put you in touch with a lawyer for a preliminary consultation if you think you may need legal advice.