Document ID: chunk:federal_register_of_legislation:C2025C00185:section:590:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 590 (pt 1/3)
Character Range: 2088873–2091384

590  Offences by officers of certain companies
 (1) A person who, being a past or present officer or employee of a company to which this section applies:
 (a) does not disclose to the appropriate officer all the property of the company, and how and to whom and for what consideration and when any part of the property of the company was disposed of within 10 years next before the relevant day, except such part as has been disposed of in the ordinary course of the business of the company; or
 (c) has, within 10 years next before the relevant day or at a time on or after that day:
 (i) engaged in conduct that resulted in the fraudulent concealment or removal of any part of the property of the company to the value of $100 or more; or
 (ii) engaged in conduct that resulted in the concealment of any debt due to or by the company; or
 (iii) engaged in conduct that resulted in the fraudulent parting with, alteration or making of any omission in, or being privy to fraudulent parting with, altering or making any omission in, any book affecting or relating to affairs of the company; or
 (iv) by any false representation or other fraud, obtained on credit, for or on behalf of the company, any property that the company has not subsequently paid for; or
 (v) engaged in conduct that resulted in the fraudulent pawning, pledging or disposal of, otherwise than in the ordinary course of the business of the company, property of the company that has been obtained on credit and has not been paid for;
 (d) fraudulently makes any material omission in any statement or report relating to affairs of the company; or
 (f) engaged in conduct that prevented the production to the appropriate officer of any book affecting or relating to affairs of the company; or
 (g) has, within 10 years next before the relevant day or at a time on or after that day, attempted to account for any part of the property of the company by making entries in the books of the company showing fictitious transactions, losses or expenses; or
 (h) has, within 10 years next before the relevant day or at a time on or after that day, been guilty of any false representation or other fraud for the purpose of obtaining the consent of the creditors of the company or any of them to an agreement with reference to affairs of the company or to the winding up;
contravenes this subsection.
 (2) Absolute liability applies to so much of an offence based on paragraph (1)(c), (g) or (h) as requires that an event occur within 10 years next before