Offence for giving or keeping false, misleading or incomplete information and records

Current

(1)

This section applies to a person who—

(a)

gives information to the chief executive, whether orally or in a document—

(i)

for the purpose of obtaining or keeping an authorisation under this Act; or

(ii)

in response to a request for information under this Act; or

(b)

is required under this Act to keep a record.

(2)

The person must not—

(a)

give the chief executive information the person knows is false or misleading in a material particular; or

(b)

make or keep a record the person knows is false or misleading in a material particular; or

(c)

make or keep a record the person knows is incomplete in a material particular.

Maximum penalty—50 penalty units.

(3)

Subsection (2)(a) does not apply to a person if the person, when giving information in a document—

(a)

tells the chief executive, to the best of the person’s ability, how the document is false or misleading; and

(b)

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

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