Financial Intermediaries Act 1996

A person must not give to the registrar or a relevant person a document containing information the person knows is false, misleading or incomplete in a material particular.

However, a person does not commit an offence against subsection (1) if the person, when giving the document—

tells the registrar or the relevant person, to the best of the person’s ability, how it is false, misleading or incomplete; and

if the person has, or can reasonably obtain, the correct information—gives the registrar or the relevant person the correct information.

It is enough for a complaint for an offence against subsection (1) to state that the document was false, misleading or incomplete to the person’s knowledge.