Western Australian Repealed Acts

This legislation has been repealed.

INDUSTRY (ADVANCES) ACT 1947 - SECT 4

4 .         Applicants

        (1)         A person desirous of obtaining financial assistance under this Act or a particular prescribed Scheme may apply, to the Treasurer or in such other manner as may be prescribed in relation to any particular prescribed Scheme, for approval as an approved applicant for the purposes of this Act or of that Scheme.

        (2)         An applicant may be required to furnish such accounts, documents and other information relevant to his application as are necessary, and a person who, in or in connection with an application for financial assistance under this Act or a prescribed Scheme, in furnishing any such account, document or information —

            (a)         makes or authorizes the making of a statement that is false or misleading in a material particular; or

            (b)         omits or authorizes the omission of any matter or thing without which the account, document or other information is misleading in a material respect,

                without having taken all reasonable steps to ensure that the statement was not false or misleading or to ensure that the statement did not omit any matter or thing without which the accounts, document or information would be misleading, as the case may be, commits an offence against this Act.

        Penalty: $5 000.

        [Section 4 inserted by No. 79 of 1980 s.7.]