Transitional matters for Statute Law Amendment (Directors' Liability) Act 2015
66 Transitional matters for Statute Law Amendment (Directors' Liability) Act 2015
Section 59, as inserted by the Statute Law Amendment (Directors' Liability) Act 2015, (the new section) applies in relation to a relevant offence committed by a body corporate after the commencement of Part 2, Division 29 of that Act (the commencement) only if:
all the conduct constituting the relevant offence occurred after the commencement; and
all the conduct of the executive officer constituting the offence against the new section occurred after the commencement.
.
Section 59, as in force before the commencement:
continues to apply in relation to offences committed by a body corporate before the commencement; and
applies in relation to relevant offences committed by a body corporate after the commencement to which, as a result of subsection (1), the new section does not apply.
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