(1) This section applies to an employee of a corporate entity in the exercise of the powers, and the discharge of the responsibilities, of an employee of the corporate entity.
(2) An employee of a corporate entity commits an offence if the employee gives information (either orally or in a document) about the corporate entity's affairs, that the employee knows is false or misleading in a material particular, to any of the following persons--
(a) another employee of the corporate entity;
(b) the corporate entity's shareholder;
(c) the corporate entity's local government;
(d) a councillor of the corporate entity's local government.
Maximum penalty--
(a) if the offence was committed with an intent to defraud--500 penalty units or 5 years imprisonment; or
(b) otherwise--100 penalty units.
(3) However, the employee does not commit an offence in relation to information in a document if, when the employee gives the document to the other person--
(a) the employee tells the other person that the document is false or misleading, and in what respect the document is false or misleading; and
(b) if the employee has, or can reasonably obtain, the correct information--the employee gives the other person the correct information.