Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 (125 of 2006)

Schedule 3   Transitional provisions

Part 2   Bringing transitional corporations across to new system

Division 10   Reporting for financial year ending on 30 June 2007

59   Offence - directors

(1) A director of a transitional corporation contravenes this subitem if the director fails to take all reasonable steps to comply with, or to secure compliance with, this Division.

(2) A person commits an offence if the person contravenes subitem (1) and the contravention is dishonest.

Penalty: $200.