Co-operatives National Law (NSW)
524Offences by involved person
Start here
Get a plain-English read of 524
Turn the raw legal text into a practical explanation grounded in Co-operatives National Law (NSW).
524 Offences by involved person
524 Offences by involved person
(1) An involved person must not—
(a) fail to comply with a lawful requirement of an investigator without showing reasonable cause for the failure; or
(b) give an investigator information knowing the information to be false or misleading in a material particular; or
(c) when appearing before an investigator—
(i) make a statement knowing the statement to be false or misleading in a material particular; or
(ii) fail to be sworn or to make an affirmation.
Maximum penalty—$24,000 or imprisonment for 2 years, or both.
(2) If an investigator considers a failure by a person to comply with a requirement of the investigator is an offence under subsection (1) (a), the investigator may certify the failure to the Supreme Court and the court may then—
(a) order the involved person to comply with the requirement of the investigator within a stated period; or
(b) instead of, or in addition to, making the order, punish the involved person as for a contempt of the Supreme Court if satisfied there was no lawful excuse for the failure to comply with the requirement of the investigator.