54False or misleading statements

54 False or misleading statements

A person must not, in a notice or report given to a prescribed officer in accordance with this Act, make a statement that is false or misleading in a material particular without –

(a) indicating that the statement is false or misleading and the manner in which it is false or misleading; and

(b) giving any correct information that is in the person’s control if the person has, or can reasonably obtain, the correct information.

Penalty:  In the case of –

(a) a body corporate, a fine not exceeding 1 000 penalty units; and

(b) an individual, a fine not exceeding 500 penalty units.