Offence for failure to disclose advantage

(1) A person who fails to comply with section 30 commits an offence and is liable on summary conviction to a fine not less than ten thousand dollars or to imprisonment for a period not exceeding one year. (2) It is a defence for a person charged with an offence under subsection (1) of this section to prove that he reasonably believed that if he made the disclosure required to be made by him under that section, physical harm would be done to him or to another person or to his or their property.