Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 7 - RECORD KEEPING, REPORTING REQUIREMENTS AND BOOKS  

PART 7-6 - SANCTIONS FOR CONTRAVENTIONS OF RECORD KEEPING AND REPORTING REQUIREMENTS  

Division 363 - Sanctions for contraventions of record keeping and reporting requirements  

SECTION 363-1   SANCTIONS  

363-1(1)    
A director of an Aboriginal and Torres Strait Islander corporation contravenes this section if he or she fails to take all reasonable steps to comply with, or to secure compliance with, Parts 7-2 and 7-3 .

Note:

This section is a civil penalty provision (see section 386-1 ).

363-1(2)    
A person commits an offence if he or she contravenes subsection (1) and the contravention is dishonest.

Penalty: 2,000 penalty units or imprisonment for 5 years, or both.

363-1(3)    
Subsection (1) does not apply to section 339-85 , 339-95 , 345-5 or 345-10 .

363-1(4)    
This section does not affect the application of the provisions of this Chapter to a director as an officer.