Member Register to be within the State
6 Member Register to be within the State
A floated transaction company must not, without the written approval of the Treasurer—
change the location where any Member Register of the company is kept to a location that is outside of the territorial limits of the State, or
keep any Member Register of the company at a location that is outside of the territorial limits of the State.
Maximum penalty—500 penalty units.
Note.
If a floated transaction company contravenes this clause, clause 22 operates to make each person who is a director of the company or who is concerned in the management of the company liable for the offence if the person knowingly authorised or permitted the contravention.
This Act’s bill:Explanatory memorandumSecond reading speech
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