Section 45 — Protection of Personal and Property Rights Act 1988: Statements required

45 Statements required (1) For the purposes of this section the term year , in relation to a manager, means a period of 12 months commencing with the date on which his or her managership begins or with an anniversary of that date. (2) Every manager shall prepare a statement, in the prescribed form and containing the prescribed particulars, and file it in a Court together with 2 copies, as follows: (a) Within 3 months after the date of the commencement of his or her managership, a statement of the property, as at that date, of the person for whom the manager is acting: (b) Within 30 days after the expiry of each year during which his or her managership continues, a statement relating to the property, as at the expiry of that year, of the person for whom the manager is acting and to the management of that property by the manager during that year: (c) Within 30 days after the date on which the manager ceases in accordance with section 52 of this Act to hold office as manager, a statement relating to the property, as at that date, of the person for whom the manager was acting and to the management of that property by the manager during the period commencing with the expiry of the last complete year of his or her managership and ending with that date. (2A) Notwithstanding anything in subsections (1) and (2)(b) of this section, the Court may specify both the period of 12 months that, in relation to any managership, is to constitute a year for the purposes of any statement required to be filed under subsection (2)(b) of this section and the transitional arrangements that, in relation to statements required to be filed under subsection (2)(b) of this section, are to apply in relation to a change of balance date. (3) Every manager commits an offence and is liable upon conviction on indictment to imprisonment for a term not exceeding 3 years who, in a statement filed under this section, includes any particular knowing it to be false. (4) Every manager commits an offence and is liable on summary conviction to a fine not exceeding $1,000 who fails to file a statement when required to do so by subsection (2) of this section. Subsection (2A) was inserted, as from 1 July 1994, by section 5 Protection of Personal and Property Rights Amendment Act 1994 (1994 No 54).