THE CORPORATIONS LAW

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT

PART 2M.7 - SANCTIONS FOR CONTRAVENTIONS OF CHAPTER

SECTION 344   CONTRAVENTION OF PART 2M.2 OR 2M.3  

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).

344(2)  [Exceptions]  

Subsection (1) does not apply to section 310, 312, 323A or 323B.

344(3)  [Director]  

This section does not affect the application of the provisions of Part 2M.2 or 2M.3 to a director as an officer.


 

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