Document ID: chunk:federal_register_of_legislation:C2024C00826:section:160d
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 160D
Character Range: 438838–439671

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: 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.

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