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In forceAmended2020 Revised Edition

Part 3A · Qualified Persons

24C. False declarations

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Amended

Last amended by an amending law of 2017.

(1)

A qualified person who makes any declaration required under this Act that is false or misleading in any material particular knowing that, or with reckless disregard as to whether, the declaration is false or misleading in any material particular shall be guilty of an offence and shall be liable on conviction —

(a)

to a fine not exceeding $30,000 or to imprisonment for a term not exceeding 6 months or to both; or

(b)

if the qualified person is a repeat offender, to a fine not exceeding $60,000 or to imprisonment for a term not exceeding 12 months or to both.

(2)

A qualified person who negligently makes any declaration required under this Act that is false or misleading in any material particular shall be guilty of an offence and shall be liable on conviction —

(a)

to a fine not exceeding $15,000 or to imprisonment for a term not exceeding 3 months or to both; or

(b)

if the qualified person is a repeat offender, to a fine not exceeding $30,000 or to imprisonment for a term not exceeding 6 months or to both.

(3)

In this section, a qualified person is a repeat offender if the qualified person who is convicted, or found guilty, of an offence under subsection (1) or (2) has (whether before, on or after 15 May 2017) been convicted or found guilty on at least one other earlier occasion of —

(a)

an offence under subsection (1) or (2);

(b)

an offence under section 14A(5) as in force immediately before 15 May 2017; or

(c)

an offence under section 15(3A) as in force immediately before 15 May 2017.

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