Document ID: chunk:federal_register_of_legislation:C2010C00237:clause:3_66
Version: federal_register_of_legislation:C2010C00237
Segment Type: clause
Provision Reference: sch 3 cl 66
Character Range: 68273–68880

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.

Division 12—Reporting exemptions