Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 7 - RECORD KEEPING, REPORTING REQUIREMENTS AND BOOKS  

PART 7-3 - REPORTING REQUIREMENTS  

Division 345 - Consolidated financial report  

SECTION 345-1   DIRECTORS AND OFFICERS OF CONTROLLED ENTITY TO GIVE INFORMATION  

345-1(1)    
If an Aboriginal and Torres Strait Islander corporation has to prepare a consolidated financial report, a director or officer of a controlled entity must give the corporation all information requested that is necessary to prepare the consolidated financial report.

Penalty: 25 penalty units or imprisonment for 6 months, or both.

345-1(2)    
An offence based on subsection (1) is an offence of strict liability.

Note:

For strict liability , see section 6.1 of the Criminal Code .