NSWIn ForceAct
Co-operatives National Law (NSW)
487Accepting commission
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487 Accepting commission
487 Accepting commission
(1) An officer of a co-operative must not accept a commission, fee or reward, whether pecuniary or otherwise, from a person in relation to a transaction or proposed transaction between the person and the co-operative.
Maximum penalty—$6,000 or imprisonment for 6 months, or both.
(2) An officer of a co-operative who is found guilty of an offence under subsection (1) is also liable to make good to the co-operative double the value or amount of the commission, fee or reward.