Document ID: chunk:federal_register_of_legislation:C2025C00167:section:265:p2
Version: federal_register_of_legislation:C2025C00167
Segment Type: section
Provision Reference: s 265 (pt 2/3)
Character Range: 804404–806891

or in meeting the ordinary expenses of his or her family.
Note: See also subsection 5(6).
 (3) A bankrupt shall not, with the intention of obtaining the consent of his or her creditors or any of them to any matter relating to any of the bankrupt's examinable affairs, make a false representation or commit any fraud.
Penalty: Imprisonment for 5 years.
 (4) A person who, after the presentation of a petition on which, or by virtue of the presentation of which, he or she becomes a bankrupt:
 (a) conceals, removes, disposes of or deals with any part of his or her property to the value of $20 or more;
 (b) conceals a debt due to or by him or her;
 (c) conceals, parts with, destroys, mutilates, falsifies, alters or makes a false entry in, or omits a material particular from, a book (including a book of an associated entity of the person) affecting or relating to any of the person's examinable affairs;
 (d) attempts to account for any part of his or her property by falsely stating that he or she has incurred a loss or expense;
 (e) otherwise than in the ordinary way of his or her business, disposes of, or gives security over, property that he or she has obtained on credit and for which he or she has not paid; or
 (f) prevents the production of a book (including a book of an associated entity of the person) affecting or relating to any of the person's examinable affairs;
commits an offence and is punishable, upon conviction, by imprisonment for a period not exceeding 1 year.
 (5) A person who, after the presentation of a petition on which, or by virtue of the presentation of which, he or she becomes a bankrupt, either alone or jointly with another person:
 (a) obtains property by fraud; or
 (b) incurs any debt or liability by fraud;
commits an offence and is punishable, upon conviction, by imprisonment for a period not exceeding 5 years.
 (6) Subsections (4) and (5) extend to an act or omission done or made after the commencement of this Act where the petition was presented before the commencement of this Act but do not apply to an act or omission done or made after the person by whom it was done or made has been discharged from the bankruptcy or after his or her bankruptcy has been annulled.
 (7) A person who has become a bankrupt after the commencement of this Act and, within 12 months before the presentation of the petition on which, or by virtue of the presentation of which, he or she became a bankrupt, has done any of the things specified in any of