National Consumer Credit Protection Act 2009
SCHEDULE 1
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NATIONAL CREDIT CODE
If a corporation contravenes a provision of this Code or the regulations, each officer of the corporation is taken to have contravened the provision if the officer knowingly authorised or permitted the contravention.
201(2)
An officer of a corporation may be proceeded against and convicted under a provision pursuant to this section whether or not the corporation has been proceeded against or convicted under the provision.
201(3)
Nothing in this section affects the liability imposed on a corporation for an offence committed by the corporation against this Code or the regulations.
201(4)
In this section:
Note:
See section 3 of the National Credit Act.
PART 12 - MISCELLANEOUS Division 4 - Provisions relating to offences 201 Offences by corporations 201(1)If a corporation contravenes a provision of this Code or the regulations, each officer of the corporation is taken to have contravened the provision if the officer knowingly authorised or permitted the contravention.
201(2)
An officer of a corporation may be proceeded against and convicted under a provision pursuant to this section whether or not the corporation has been proceeded against or convicted under the provision.
201(3)
Nothing in this section affects the liability imposed on a corporation for an offence committed by the corporation against this Code or the regulations.
201(4)
In this section:
officer
means a director of the corporation or a person who is otherwise concerned in its management.
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