Document ID: chunk:federal_register_of_legislation:C2024C00492:section:2:p9
Version: federal_register_of_legislation:C2024C00492
Segment Type: section
Provision Reference: s 2 (pt 9/45)
Character Range: 677181–679846

the purpose.

551‑35  Claims of disposition of money to incorrect payee
 (1) If:
 (a) a person (the claimant) claims to be entitled to money; and
 (b) the money has been paid to another person (the payee) in accordance with paragraph 551‑30(1)(a) or subsection 551‑30(3);
the Registrar is not under any liability to the claimant in respect of that money, but, if the claimant is entitled to that money, the claimant may recover that money from the payee.
 (2) If:
 (a) a person (the claimant) claims to be entitled to money; and
 (b) an amount equivalent to that money has been paid to another person (the payee) in accordance with paragraph 551‑30(1)(a) or subsection 551‑30(3);
the Registrar is not under any liability to the claimant in respect of that money, but, if the claimant is entitled to that money, the claimant may recover that equivalent amount from the payee.

551‑40  Commonwealth or Registrar not liable for loss or damage
  Neither the Commonwealth nor the Registrar is liable for any loss or damage suffered by a person arising out of the exercise of, or the failure to exercise, any of the powers which are conferred on the Registrar under this Part or which the Registrar has in relation to unclaimed property.

Chapter 13—Offences

Part 13‑1—Offences about false or misleading statements etc.

Division 561—Offences about false or misleading statements etc.

561‑1  False or misleading statements
 (1) A person commits an offence if the person, in a document required by or for the purposes of this Act or lodged with or submitted to the Registrar:
 (a) makes or authorises the making of a statement that, to the person's knowledge, is false or misleading in a material particular; or
 (b) omits or authorises the omission of any matter or thing without which the document is, to the person's knowledge, misleading in a material respect.
Penalty: 200 penalty units or imprisonment for 5 years, or both.
 (2) A person who makes or authorises the making of a statement that is based on information that, to the person's knowledge:
 (a) is false or misleading in a material particular; or
 (b) has omitted from it a matter or thing the omission of which renders the information misleading in a material respect;
is, for the purposes of subsection (1), taken to have made or authorised the making of a statement that, to the person's knowledge, was false or misleading in a material particular.
 (3) A person is not liable to be prosecuted for an offence in consequence of a regulation made under section 633‑1 as well as for an offence against subsection (1) of this section.
 (4) A person commits an offence if the person, in a document required