(1) A liable person, or a person acting under the authority of the liable person, shall, without prejudice to any other penalty to which the person may be liable, be liable to a penalty under this section if the person knowingly -

(a) makes any false statement or false representation, or

(b) delivers an incorrect return,

for the purpose of obtaining -

(i) any reduction in local property tax payable by the liable person,

(ii) a repayment of local property tax paid by the liable person, or

(iii) a deferral in accordance with Part 12.

(2) The penalty imposed by subsection (1) shall be -

(a) the amount of local property tax which would have been payable had a false statement or a false representation not been made or an incorrect return not been delivered, as the case may be, or

(b) the amount of local property tax in respect of which a deferral is claimed in accordance with Part 12.

(3) The penalty imposed by subsection (1) shall not exceed €3,000.