Section 42 — Giving false information

(1)A person commits an offence if the person makes a statement or gives any information or document required to be made or given under this Act that the person knows or ought reasonably to know to be —

(a)false in a material particular; or

(b)misleading by reason of the omission of a material particular.

(2)A person who is guilty of an offence under subsection (1) shall be liable —

(a)on the first conviction to a fine not exceeding $5,000; and

(b)on a second or subsequent conviction to a fine not exceeding $10,000.