Management and Investment Companies Act 1983
49False or misleading statements
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49 False or misleading statements
A person who, in a document lodged with or otherwise provided to the Board under this Act, makes or authorizes the making of a statement that to his knowledge is false or misleading in a material particular, or omits or authorizes the omission of any matter or thing without which the document is to his knowledge misleading in a material respect, is guilty of an offence punishable on summary conviction: (a) in the case of a natural person—by a fine not exceeding $5,000 or imprisonment for a period not exceeding 2 years, or both; or (b) in the case of a person being a company—by a fine not exceeding $25,000.