THE CORPORATIONS LAW
CCH Note:
Part 13 of the Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 2M - FINANCIAL REPORTS AND AUDIT
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Hide history notePART 2M.7 - SANCTIONS FOR CONTRAVENTIONS OF CHAPTER
CCH Note:
No 156 of 1999 purported to amend sec 344 by adding the words ``a person commits an offence if they contravene subsection (1) and the contravention is dishonest'' at the end of the section. As it was not clear how this phrase follows from the wording of the section, we have not made the amendment.
344(1)
(Reasonable steps)
A director of a company, registered scheme or disclosing entity contravenes this section if they fail to take all reasonable steps to comply with, or to secure compliance with, Part 2M.2 or 2M.3.
Note:
This section is a civil penalty provision (see section 1317E).This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.