Offences by corporations
43 Offences by corporations
If a corporation contravenes any provision of this Act, each person who is a director of the corporation or who is concerned in the management of the corporation is taken to have contravened the same provision if the person knowingly authorised or permitted the contravention.
A person may be proceeded against and convicted under a provision pursuant to subsection (1) whether or not the corporation has been proceeded against or convicted under that provision.
Nothing in this section affects any liability imposed on a corporation for an offence committed by the corporation under this Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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