Document ID: chunk:federal_register_of_legislation:C2025C00185:section:453f
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 453F
Character Range: 1636489–1637347

453F  Directors to help restructuring practitioner
 (1) A director of a company under restructuring must:
 (a) attend on the restructuring practitioner; and
 (b) give the restructuring practitioner information about the company's business, property, affairs and financial circumstances; and
 (c) allow the restructuring practitioner to inspect and take copies of the company's books;
at the times and in the manner reasonably required by the restructuring practitioner.
 (2) A person must not fail to comply with subsection (1).
Penalty: 120 penalty units.
 (3) An offence based on subsection (1) is an offence of strict liability.
 (4) Subsection (3) does not apply to the extent that the person has a reasonable excuse.
Note: A defendant bears an evidential burden in relation to the matter in subsection (4), see subsection 13.3(3) of the Criminal Code.