162False information causing lower premium

162 False information causing lower premium (a) the employer gives information in a relevant statement to a (b) the employer does so knowing that the information— (i) is false or misleading; or (ii) omits anything without which the information is misleading. Maximum penalty: 100 penalty units, imprisonment for 1 year or (2) An employer commits an offence if— (a) the employer gives information in a relevant statement to a (b) the employer does so knowing that the information— (i) is false or misleading; or (ii) omits anything without which the information is misleading; and (c) the licensed insurer relies on the information to work out the premium for a compulsory insurance policy for the person; and (d) the premium worked out by the licensed insurer for the policy is less than the premium would be if the person gave the correct information. Maximum penalty: 100 penalty units, imprisonment for 1 year or relevant statement means a statement provided by an employer for any of the following provisions: (a) section 155 (2) (Information for licensed insurers on application for issue or renewal of policies); (b) section 156 (2) and (3) (Information for licensed insurers after renewal of policies); (c) section 157 (2) (Information for licensed insurers after end or cancellation of policies).