Document ID: chunk:federal_register_of_legislation:C2011A00086:clause:1_5:p3
Version: federal_register_of_legislation:C2011A00086
Segment Type: clause
Provision Reference: sch 1 cl 5 (pt 3/3)
Character Range: 10701–12187

300 penalty units.
Note: The Secretary must make a default event declaration under the Aged Care (Bond Security) Act 2006 in relation to the corporation if paragraph (d) of this subsection applies (see section 10 of that Act).

Offence for key personnel
 (2) An individual commits an offence if:
 (a) the individual is one of the *key personnel of an entity that is or has been an approved provider; and
 (b) the entity uses an *accommodation bond; and
 (c) the use of the accommodation bond is not *permitted; and
 (d) the individual knew that, or was reckless or negligent as to whether:
 (i) the bond would be used; and
 (ii) the use of the bond was not permitted; and
 (e) the individual was in a position to influence the conduct of the entity in relation to the use of the bond; and
 (f) the individual failed to take all reasonable steps to prevent the use of the bond; and
 (g) both of the following apply at a particular time during the period of 2 years after the use of the bond:
 (i) an insolvency event (within the meaning of the Aged Care (Bond Security) Act 2006) has occurred in relation to the entity;
 (ii) there has been at least one outstanding bond balance (within the meaning of that Act) of the entity; and
 (h) at the time the bond was used, the entity was a *corporation.
Penalty: Imprisonment for 2 years.

Strict liability
 (3) Strict liability applies to paragraphs (1)(d) and (2)(g) and (h).
Note: For strict liability, see section 6.1 of the Criminal Code.