Offences and penalty

Every person who, (a) does anything which is prohibited by this Act; (b) omits to do anything that is required by or directed by this Act; or (c) knows or ought to have known that he or she was making, or who without due inquiry at the relevant time makes, any material misrepresentation in any document required to be filed with the Registrar under this Act, commits an offence and shall be liable on summary conviction to a fine not exceeding five thousand dollars, or to imprisonment for a term not exceeding one year, or to both such fine and term of imprisonment.