National Consumer Credit Protection Act 2009

CHAPTER 5 - ADMINISTRATION  

PART 5-3 - CONCEALMENT OR FALSIFICATION OF CREDIT BOOKS  

Division 2 - Prohibitions relating to the concealment or falsification of credit books  

SECTION 229   PRECAUTIONS AGAINST FALSIFICATION OF CREDIT BOOKS  
Requirement to take precautions against falsification

229(1)    
A person who is required by this Act to keep a credit book must take reasonable steps to:


(a) guard against the falsification of the credit book; and


(b) facilitate the discovery of any falsification of the credit book.

Civil penalty: 5,000 penalty units.



Offence

229(2)    


A person commits an offence if:


(a) the person is subject to a requirement under subsection (1); and


(b) the person engages in conduct; and


(c) the conduct contravenes the requirement.

Criminal penalty: 6 months imprisonment.





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