Misrepresentation and related offences

In force

(1)

A licensee must not—

(a)

by any false, misleading or deceptive statement, representation or promise, or

(b)

by any wilful concealment of a material fact,

induce, or attempt to induce, any person to enter into an agreement or contract in connection with the carrying on of any security activity.

Maximum penalty—

(a)

for a corporation—500 penalty units, or

(b)

for an individual—250 penalty units or imprisonment for 6 months, or both.

(2)

A person must not—

(a)

in relation to any application for the purposes of this Act or the regulations, or

(b)

in relation to any information, records or particulars that the person is required to furnish under this Act or the regulations,

make any representation or statement that the person knows is false or misleading in a material particular.

Maximum penalty—

(a)

for a corporation—200 penalty units, or

(b)

for an individual—100 penalty units.

Regulations

This provision refers to the regulations (the regulations). Made under this Act:

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