Australian Capital Territory Current Regulations

UNIT TITLES REGULATION 2001 - REG 2F

    (1)     A unit title assessor commits an offence if—

        (a)     the unit title assessor prepares a unit title assessment report; and

        (b)     the report—

              (i)     is false or misleading; or

              (ii)     omits something without which the report is false or misleading; and

        (c)     the person knows, or is reckless as to whether the report—

              (i)     is false or misleading; or

              (ii)     omits something without which the report is false or misleading.

Maximum penalty: 60 penalty units.

    (2)     Each partner of a unit title assessor commits an offence if—

        (a)     the unit title assessor prepares a unit title assessment report; and

        (b)     the report—

              (i)     is false or misleading; or

              (ii)     omits something without which the report is false or misleading; and

        (c)     the partner, or one of the partners, knows, or is reckless as to whether—

              (i)     the report is false or misleading; or

              (ii)     omits something without which the report is false or misleading.

Maximum penalty: 60 penalty units.

    (3)     It is a defence to a prosecution for an offence against subsection (2) if the partner proves—

        (a)     that—

              (i)     the partner did not know about the false or misleading report; and

              (ii)     reasonable precautions were taken and appropriate diligence was exercised to avoid the preparation of a false or misleading report; or

        (b)     that the partner was not in a position to influence the other partners in relation to the preparation of the report.