Banking Act 1959
An application under this Part by a body corporate shall be accompanied by a copy of the Act, charter, deed of settlement, memorandum of association and articles of association of the body corporate, or other document by which the body corporate is constituted. (2)
Every copy of an Act, charter, deed of settlement, memorandum of association, articles of association or other document furnished to APRA under subsection (1) shall be verified by a statutory declaration made by a senior officer of the body corporate concerned. (3)
An ADI commits an offence if:
(a) an alteration is made to the Act, charter, deed of settlement, memorandum of association, articles of association, constitution or other document by which the ADI was constituted as a body corporate; and
(b) the ADI does not, within 3 months of the making of the alteration, give to APRA a written statement:
(i) that sets out particulars of the alteration; and
(ii) that is verified by a statutory declaration made by a senior officer of the ADI; and
(c) there is no determination in force under section 11 that this subsection does not apply to the ADI.
Penalty: 50 penalty units.
Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
If a body corporate is convicted of an offence against this subsection, subsection 4B(3) of the Crimes Act 1914 allows a court to impose a fine of up to 5 times the penalty stated above.