Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If:
(a) a person is required under this Act, the regulations or the prudential standards to keep any accounts, accounting records or other records; and
(b) the person keeps those accounts or records in such a way that they do not correctly record and explain the matters, transactions, acts or operations to which they relate;
the person commits an offence punishable on conviction by imprisonment for not longer than 12 months.
Note: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
(2) If:
(a) a person is required under this Act, the regulations or the prudential standards to make a record of any matter, transaction, act or operation; and
(b) the person makes such a record in such a way that it does not correctly record the matter, transaction, act or operation;
the person commits an offence punishable on conviction by imprisonment for not longer than 12 months.
Note: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.