Corporations Act 2001
Note: This Chapter is modified for CCIVs: see Division 2 of Part 8B.4 .
View history note
Hide history noteNote: This Part applies to a CCIV with modifications: see sections 1231J and 1231K .
If a company contravenes section 259A or subsection 259B(1):
(a) the contravention does not affect the validity of the acquisition or security or of any contract or transaction connected with it; and
(b) the company is not guilty of an offence. 259F(2) [ Person involved in contravention]
Any person who is involved in a company's contravention of section 259A or subsection 259B(1) contravenes this subsection.
Note 1: Subsection (2) is a civil penalty provision (see section 1317E).
Note 2: Section 79 defines involved .
259F(3) [ Offence]A person commits an offence if they are involved in a company's contravention of section 259A or subsection 259B(1) and the involvement is dishonest.
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