Document ID: chunk:federal_register_of_legislation:C2012A00130:clause:1_160d
Version: federal_register_of_legislation:C2012A00130
Segment Type: clause
Provision Reference: sch 1 cl 160D
Character Range: 29942–30806

160D  Prohibition on giving misleading information etc.

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: 2,000 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: 100 penalty units, or 2 years imprisonment, or both.

Division 4—Giving authorisation for deductions by employer of debtor or lessee