A person must not, in providing any information or answering any question under this Act –

(a) make a statement knowing it to be false or misleading; or

(b) omit any matter from a statement knowing that without that matter the statement is false or misleading.

Penalty:  In the case of –

(a) a body corporate, a fine not exceeding 250 penalty units; or

(b) a natural person, a fine not exceeding 100 penalty units.