Banking Act 1959
A body corporate commits an offence if:
(a) the body corporate does an act or fails to do an act; and
(b) doing the act or failing to do the act results in a contravention of a condition of the body corporate ' s NOHC authority; and
(c) there is no determination in force under section 11 that this subsection does not apply to the body corporate.
Penalty: 300 penalty units.
(2)
If an individual:
(a) commits an offence against subsection (1) because of Part 2.4 of the Criminal Code ; or
(b) commits an offence under Part 2.4 of the Criminal Code in relation to an offence against subsection (1);
he or she is punishable, on conviction, by a fine not exceeding 60 penalty units.
(3)
An offence against this section is an offence of strict liability.
Note:
For strict liability, see section 6.1 of the Criminal Code .
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