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.