429
CurrentContravention of this Division—offence by co-operative
Chapter 4Structural and other events for co-operatives
Part 4.4Compromises and arrangements
Division 2Explanatory statements
429 Contravention of this Division—offence by co-operative
(1)
If a provision of this Division is contravened, the co-operative concerned and any other person involved in the contravention commits an offence.Maximum penalty—$2,000.Note.
Section 9 defines “involved” in a contravention.
(2)
It is a defence to a prosecution for an offence under subsection (1) if it is proved the contravention was because of the failure of a person (other than the defendant), who is a director of the co-operative or a trustee for debenture holders of the co-operative, to supply for the explanatory statement particulars of the person’s interests.
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