123False and misleading statements

123 False and misleading statements

(1) A person who, in a document required by or for the purposes of this Part or lodged with or submitted to the Director under this Part—

(a) makes or authorises the making of a statement that to his or her knowledge is false or misleading in a material particular; or

(b) omits or authorises the omission of any matter or thing without which the statement is to his or her knowledge misleading in a material respect—

is guilty of an offence and liable to a penalty not exceeding 60 penalty units.

(2) A person who, in a document required by or for the purposes of this Part or lodged with or submitted to the Director under this Part—

(a) makes or authorises the making of a statement that is false or misleading in a material particular; or

(b) omits or authorises the omission of any matter or thing without which the statement would be misleading—

without having taken reasonable steps to ensure that the statement was not false or misleading or to ensure that the statement did not omit any matter or thing without which the document would be misleading, as the case requires, is guilty of an offence and liable to a penalty not exceeding 60 penalty units.

S. 124 inserted by No. 99/2003 s. 4.