False or misleading statements
477 False or misleading statements
A person must not, in a document required for the purposes of this Act or lodged with the Registrar make, or authorise the making of, a statement knowing it to be false or misleading in a material particular.
Penalty for this subsection: a fine of $12 000.
A person must not, from a document required for the purposes of this Act or lodged with the Registrar omit, or authorise the omission of, anything knowing that the omission makes the document false or misleading in a material particular.
Penalty for this subsection: a fine of $12 000.
A person who, in a document required for the purposes of this Act or lodged with the Registrar makes, or authorises the making of, a statement that is false or misleading in a material particular commits an offence unless it is proved that the person had taken reasonable precautions aimed at avoiding the making or authorising of false or misleading statements in such a document.
Penalty for this subsection: a fine of $6 000.
If an omission makes a document required for the purposes of this Act or lodged with the Registrar misleading in a material respect, a person who made or authorised the omission commits an offence unless it is proved that the person had taken reasonable precautions aimed at avoiding the making or authorising of omissions that would make such a document false or misleading.
Penalty for this subsection: a fine of $6 000.
[Section 477 amended: No. 7 of 2016 s. 200.]
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