Sch 2 s 206False or misleading information etc.

206 False or misleading information etc.

(1) A person commits an offence if the person, in compliance or purported compliance with a substantiation notice given by the regulator:

(a) gives to the regulator false or misleading information; or

(b) produces to the regulator documents that contain false or misleading information.

Penalty:

(a) if the person is a body corporate—$27,500; or

(b) if the person is not a body corporate—$5,500.

(2) This section does not apply to:

(a) information that the person could not have known was false or misleading; or

(b) the production to the regulator of a document containing false or misleading information if the document is accompanied by a statement of the person that the information is false or misleading.

(3) Subsection (1) is an offence of strict liability.