Incorrect accounts and statements

Current

(1)

A company must not, in purported compliance with section 141, prepare any accounts or statements in such a way that they do not correctly record and explain the matters or things to which they relate.

(2)

A company commits an offence if:

(a)

the company is subject to a requirement under subsection (1); and

(b)

the company engages in conduct; and

(c)

the company’s conduct contravenes the requirement.

Penalty: 150 penalty units.

(3)

Strict liability applies to paragraph (2)(a).

Note:

For strict liability, see section 6.1 of the Criminal Code.

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230 Incorrect accounts and statements