Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 (125 of 2006)

Schedule 3   Transitional provisions

Part 2   Bringing transitional corporations across to new system

Division 11   Reporting for financial year ending on 30 June 2008

66   Offence

(1) A transitional corporation commits an offence if it fails to comply with a provision of this Division.

Penalty: 25 penalty units or imprisonment for 6 months, or both.

Note: The directors may also be liable for the corporation's failure to comply (see subitem (3)).

(2) An offence against subitem (1) is an offence of strict liability.

Note: For strict liability , see section 6.1 of the Criminal Code.

(3) For the purposes of Part 7-6 of the new Act, a reference to Parts 7-2 and 7-3 of the new Act is taken to include a reference to this Division.