Corporations Act 2001
Note: This Part does not apply to a CCIV: see section 1230D .
(a) the contravention does not affect the validity of the redemption or of any contract or transaction connected with it; and
(b) the company is not guilty of an offence. 254L(2) [ Person involved in contravention]
Any person who is involved in a company's contravention of section 254J or 254K contravenes this subsection.
Note 1: Subsection (2) is a civil penalty provision (see section 1317E).
Note 2: Section 79 defines involved .254L(3) [ Dishonest involvement]
A person commits an offence if they are involved in a company's contravention of section 254J or 254K and the involvement is dishonest.