Document ID: chunk:federal_register_of_legislation:C2025C00165:section:13a:p5
Version: federal_register_of_legislation:C2025C00165
Segment Type: section
Provision Reference: s 13A (pt 5/5)
Character Range: 121134–122065

ADI is the issuing ADI.
 (5) An offence against subsection (4) is an indictable offence.
 (6) If the circumstances relating to the asset holdings of an ADI are such that give rise to the ADI committing an offence against subsection (4), the ADI commits an offence against that subsection in respect of:
 (a) the first day on which the offence is committed; and
 (b) each subsequent day (if any) on which the circumstances that gave rise to the ADI committing the offence continue (including the day of conviction for any such offence or any later day).
Note: This subsection is not intended to imply that section 4K of the Crimes Act 1914 does not apply to offences against this Act or the regulations.
 (7) To avoid doubt, this section applies to a body corporate that is, or becomes, a Chapter 5 body corporate (within the meaning of the Corporations Act 2001) in the same way as this section applies to any other body corporate.