Offence to fail to apply for approval
104F Offence to fail to apply for approval
A person commits an offence if:
(a) the person is a person who has or acquires an interest in shares in a corporation holding a permit or licence; and
(b) the person is a person who is, or who is a member of a group of persons who are, to become able to exercise, or to control (directly or indirectly) the exercise of, a majority of the votes exercisable at meetings of the directors or shareholders of a corporation holding a permit or licence; and
an application is not made in accordance with section 104E(2).
Maximum penalty: 200 penalty units.
(2) An offence against subsection (1) is an offence of strict liability.
(3) It is a defence to a prosecution for an offence against subsection (1) if the defendant took reasonable steps and exercised due diligence to prevent the commission of the offence.
(4) The defendant has a legal burden of proof in relation to a matter mentioned in subsection (3).
Part V Offences and related provisions
Division 1 General
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