Making of false statement, etc.
Open ↗14. Any person who for any purpose connected with this Act —(a)
knowingly makes any false statement to the Minister or a person authorised by the Minister or to the auditor or a person authorised by the auditor; or
(b)
produces or furnishes or causes or knowingly allows to be produced or furnished to the Minister or a person authorised by the Minister or to the auditor or a person authorised by the auditor, any document which the person knows to be false in a material particular,
shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000.
Offences by body corporate, etc.
Open ↗15.—(1) Where an offence under this Act has been committed by a body corporate, a partnership, or an unincorporated association of persons, any person who, at the time of the commission of the offence, was a director, manager, partner, secretary or other similar officer thereof, or was purporting to act in any such capacity, shall also be guilty of that offence and shall be liable to be proceeded against and punished accordingly unless the person proves that —(a)
the offence was committed without the person’s consent or connivance; and
(b)
the person had exercised all such diligence to prevent the commission of the offence as the person ought to have exercised having regard to the nature of the person’s functions in that capacity and to all the circumstances.
(2) In relation to a body corporate whose affairs are managed by its members, “director” means a member of a body corporate.
Composition of offences
Open ↗16.—(1) The Minister or any person authorised by the Minister may compound any offence under this Act that is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding $500.
(2) On payment of the sum of money, no further proceedings are to be taken against that person in respect of the offence.
Regulations
Open ↗17. The Minister may make such regulations as are necessary or expedient for the purpose of carrying out the provisions of this Act, and, in particular, the regulations may —(a)
prescribe the procedure for payments out of the Endowment Fund;
(b)
provide for matters relating to applications for funds, financial assistance or incentives;
(c)
prescribe the procedure of the Council; and
(d)
prescribe anything which may be prescribed under this Act.
