(1)This section applies if—
(a)a person provides inaccurate information, or produces a document that contains an inaccuracy, in complying with an information notice other than a debtor contact notice, and
(b)condition 1, 2 or 3 is met.
(2)Condition 1 is that the inaccuracy is—
(a)deliberate, or
(b)due to a failure by the person to take reasonable care.
(3)Condition 2 is that the person knows of the inaccuracy at the time the information is provided or the document is produced but does not inform WRA at that time.
(4)Condition 3 is that the person—
(a)discovers the inaccuracy some time later, and
(b)fails to take reasonable steps to inform WRA.
(5)The person is liable to a penalty not exceeding £3,000.
(6)Where the information or document contains more than one inaccuracy in respect of which condition 1, 2 or 3 is met, a penalty is payable for each such inaccuracy.