New South Wales Consolidated Acts New South Wales Consolidated ActsA person must not omit from a statement made to a tax officer any matter or thing without which the statement is, to the person's knowledge, false or misleading in a material particular.
: Maximum penalty--(a) 500 penalty units for a first offence, or(b) 1,000 penalty units or 2 years imprisonment, or both, for a second or subsequent offence.
Note : An offence against this section committed by a corporation is an executive liability offence attracting executive liability for a director or other person involved in the management of the corporation--see section 121.