(1)  A person, in providing any information, statement, application or document under this Act, must not –

(a) provide it knowing it to be false or misleading; or

(b) omit any matter knowing that without that matter the information, statement, application or document is false or misleading.

Penalty:  Fine not exceeding 50 penalty units.

(2)  Subsection (1)(a) does not apply to a person if, at the time when the person provides the information, statement, application or document, or as soon as practicable after becoming aware that the information or document provided is false or misleading, the person –

(a) informs the person receiving the information that the information, statement, application or document is false or misleading; and

(b) indicates the respects in which it is false or misleading; and

(c) provides all the correct information that is in the person’s possession or control; and

(d) provides all the information that the person has concerning who else may have the correct information, statement, application or document.