Penalty for making false return, breach of condition, etc

(1) Any person who– (a) knowingly furnishes any information, record or return required by the Registrar that is false in any material particular; (b) contravenes or fails to comply with the terms and conditions of a valid licence, commits an offence and is liable on summary conviction to a fine not exceeding twenty-five thousand dollars or to imprisonment for a term not exceeding two years, or to both.