Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document

 Download WordDownload Word  Download PDFDownload PDF 


Bill home page
Table Of Contents
Previous Fragment    Next Fragment
Corporations (Aboriginal and Torres Strait Islander) Bill 2006

Part 7-6 Sanctions for contraventions of record keeping and reporting requirements

Division 363 Sanctions for contraventions of record keeping and reporting requirements

363-1   Sanctions

             (1)  A director of an Aboriginal and Torres Strait Islander corporation contravenes this section if he or she fails to take all reasonable steps to comply with, or to secure compliance with, Parts 7-2 and 7-3.

Note:          This section is a civil penalty provision (see section 386-1).

             (2)  A person commits an offence if he or she contravenes subsection (1) and the contravention is dishonest.

Penalty:  2,000 penalty units or imprisonment for 5 years, or both.

             (3)  Subsection (1) does not apply to section 339-85, 339-95, 345-5 or 345-10.

             (4)  This section does not affect the application of the provisions of this Chapter to a director as an officer.