221
CurrentInducement to be appointed as liquidator
Part 13Miscellaneous
Division 2Offences
221 Inducement to be appointed as liquidator
A person must not give, or agree or offer to give, to a member or creditor of a society valuable consideration for securing the person’s appointment or nomination, or to securing or preventing the appointment or nomination of another person, as the liquidator of the society.
Maximum penalty—400 penalty units or 2 years imprisonment.
This Act’s bill:Explanatory memorandum
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