(1) This section applies to a person who—(a) gives information to the chief executive, whether orally or in a document—(i) for the purpose of obtaining or keeping an authorisation under this Act; or(ii) in response to a request for information under this Act; or(b) is required under this Act to keep a record.
(2) The person must not—(a) give the chief executive information the person knows is false or misleading in a material particular; or(b) make or keep a record the person knows is false or misleading in a material particular; or(c) make or keep a record the person knows is incomplete in a material particular.Penalty—Maximum penalty—50 penalty units.
(3) Subsection (2) (a) does not apply to a person if the person, when giving information in a document—(a) tells the chief executive, to the best of the person’s ability, how the document is false or misleading; and(b) if the person has, or can reasonably obtain, the correct information—gives the correct information.