48. True consideration to be shown
A person who is a party to a transfer referred to in section 44, a dealing to which section 47 applies or a dealing referred to in section 47A(1) shall not lodge with the Minister ¾
(a) an instrument of transfer;
(b) an instrument evidencing the dealing; or
(c) an instrument of the kind referred to in section 47(4)(b),
that contains a statement relating to the consideration for the transfer or dealing, or to any other fact or circumstance affecting the amount of the fee payable in respect of the transfer or dealing under this Act, being a statement that is, to the knowledge of the person, false or misleading in a material particular.
Penalty: $10 000.
[Section 48 inserted by No. 12 of 1990 s.142.]