105M.—(1) Any person who, without reasonable excuse, fails or neglects to comply with section 105L(1) shall be guilty of an offence and shall be liable on conviction —
(a)
to a fine not exceeding $1,000 and in default of payment to imprisonment for a term not exceeding 6 months; and
(b)
in the case of a continuing offence, to a further fine not exceeding $50 for every day or part thereof during which the offence continues after conviction.
[19/2013]
(2) The Comptroller may compound any offence under subsection (1).
[19/2013]
(3) Any person who, in purported compliance with section 105L(1), produces to the Comptroller any document which contains any information, or provides to the Comptroller any information, known to the person to be false or misleading in a material particular —
(a)
without indicating to the Comptroller that the information is false or misleading and the part that is false or misleading; and
(b)
without providing correct information to the Comptroller if the person is in possession of, or can reasonably acquire, the correct information,
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.