Offences
22 Offences
A person who, wilfully or negligently —
being a holder, fails to comply with any requirement of this Act or with any condition imposed in relation to an application, arrangement or exemption under this Act; or
being a director, manager, secretary or other officer of a holder, authorises or permits such failure in compliance,
commits an offence.
Penalty: $2 000.
A person who, otherwise than in the performance of a function under or in connection with this Act, either directly or indirectly —
makes a record of, or divulges or communicates to any other person, any information concerning the affairs of another acquired by reason of, or in the course of the administration of, this Act; or
produces to any person any books or other thing relating to the affairs of another furnished for the purposes of this Act,
commits an offence.
Penalty: $2 500.
Where the affairs of a body of persons are managed by its members, subsections (1) and (2) apply in relation to the acts and defaults of a member in connection with a function of the management of that body as if that person were the manager of that body.
[Section 22 amended: No. 50 of 2003 s. 101(2).]
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