Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 8 - CIVIL CONSEQUENCES OF CONTRAVENING CIVIL PENALTY PROVISIONS  

Division 386 - Civil consequences of contravening civil penalty provisions  

SECTION 386-1   DECLARATIONS OF CONTRAVENTION  
Meaning of civil penalty provisions and declarations

386-1(1)    
If a Court is satisfied that a person has contravened 1 of the following provisions, it must make a declaration of contravention:

(a)    subsections 265-1(1) , 265-5(1) and (2) , 265-10(1) and (2) and 265-15(1) and (2) (officers ' duties);

(aa)    subsection 265-40(1) (secretaries ' responsibilities);

(b)    subsection 284-5(2) (related parties rules);

(ba)    

subsections 308-20(5) , 308-25(4) , 308-40(4) and 308-45(2) (director identification numbers);

(c)    subsection 363-1(1) (requirements for record keeping and reports);

(d)    subsections 588G(2) , 588GAB(2) and 588GAC(2) of the Corporations Act (as applied by section 531-1 of this Act ) (insolvent trading and creditor-defeating dispositions).

These provisions are the civil penalty provisions .

Note:

Once a declaration has been made, the Registrar can then seek a pecuniary penalty order (section 386-10 ) or a disqualification order (section 279-15 ).

Declarations to specify certain matters

386-1(2)    
A declaration of contravention must specify the following:

(a)    the Court that made the declaration;

(b)    the civil penalty provision that was contravened;

(c)    the person who contravened the provision;

(d)    the conduct that constituted the contravention;

(e)    the Aboriginal and Torres Strait Island corporation affected by the contravention.