Document ID: chunk:federal_register_of_legislation:C2025C00185:section:259f
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 259F
Character Range: 924086–924893

259F  Consequences of failing to comply with section 259A or 259B
 (1) 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.
 (2) 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.
 (3) 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.

Part 2J.3—Financial assistance
Note: This Part does not apply to a CCIV: see section 1231L.