law: Co-Operative Societies Act 2008 
  222.
  
  Offences with respect to reports
  1.      A person commits an
  
  offence, who makes or assists in making a report, return, notice or other
  
  document, required in this Act or the Regulations to be sent to the Registrar
  
  to any other person, thatŚ
  a.     
  
    contains
  
  an untrue statement of a material fact; or
  b.    
  
    omits
  
  to state a material fact required in the report or necessary to make a
  
  statement contained in the report not misleading in the light of the
  
  circumstances in which it was made.
  2.      A person who commits an
  
  offence under subsection (1) is liable on summary convictionŚ
  a.     
  
    in
  
  the case of an individual, to a fine of $1,000 or to imprisonment for a term of
  
  one year or both;
  b.    
  
    in
  
  the case of a person other than an individual, to a fine of $10,000.
  1.      
  2.      
  3.      Where the person who
  
  commits an offence under subsection (1) is a body corporate and whether or not
  
  the body corporate has been prosecuted or convicted, any director or officer of
  
  the body corporate who knowingly authorises, permits or acquiesces in the
  
  offence is also guilty of an offence and liable on summary conviction to a fine
  
  of $1,000 or to imprisonment for a term of one year or both.
  4.      A person does not
  
  commit an offence under subsection (1) or (3) where the untrue statement or
  
  omissionŚ
  a.     
  
    was
  
  unknown to him; and (b) in the exercise of reasonable diligence, could
  
  not have been known to him.