NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 160D Prohibition on giving misleading information etc.

NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 160D

Prohibition on giving misleading information etc.

  (1)   A person (the giver ) must not, in the course of engaging in a credit activity, give information or a document to another person if the giver knows, or is reckless as to whether, the information or document is:

  (a)   false in a material particular; or

  (b)   materially misleading.

Civil penalty:   5,000 penalty units.

Offence

  (2)   A person commits an offence if:

  (a)   the person gives information or a document to another person; and

  (b)   the person does so in the course of engaging in a credit activity; and

  (c)   the information or document is false in a material particular or materially misleading.

Criminal penalty:   5 years imprisonment.