158
CurrentProviding false or misleading information
Part 6Retailer of last resort scheme
Division 7Information requirements
Subdivision 6General
158 Providing false or misleading information
A person must not, in purported compliance with a RoLR regulatory information notice requiring the person to provide information, provide information that the person knows is false or misleading in a material particular.
Maximum penalty:
(a)
in the case of a natural person—$6 300;
(b)
in the case of a body corporate—$31 500.
Note—
See section 300B, which provides for criminal penalty amounts to be adjusted every 3 years to reflect movements in the consumer price index. The adjusted amounts are published on the AER’s website.
This Act’s bill:Explanatory memorandum
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