False or misleading statement or information to induce person to join society, etc.
100BA.  Any member or officer of a society shall be guilty of an offence, and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both, if that member or officer —
(a)makes or disseminates any statement that is false or misleading in a material particular, with the intention of inducing another person —
(i)to become a member of the society; or
(ii)to enter into any contract, transaction or arrangement with the society for the benefit of the society or its members; and
(b)at the time the statement is made or disseminated, knows that, or is reckless as to whether, the statement is false or misleading in a material particular.
[3/2018]