565Relief from liability for contravention of civil penalty provision

565 Relief from liability for contravention of civil penalty provision

565 Relief from liability for contravention of civil penalty provision

(cf Corporations Act s 1317S)

(1) In this section—

eligible proceedings—

(a) means proceedings for a contravention of a civil penalty provision, including—

(i) proceedings under section 557 of this Law; and

(ii) proceedings under section 588M or 588W of the Corporations Act as applying under this Law (see section 451); and

(b) does not include proceedings for an offence, except so far as the proceedings relate to the question whether the Supreme Court should make an order under—

(i) section 557 of this Law; or

(ii) section 588K of the Corporations Act as applying under this Law (see section 451).

(2) If—

(a) eligible proceedings are brought against a person; and

(b) in the proceedings it appears to the Supreme Court that the person has, or may have, contravened a civil penalty provision but that—

(i) the person has acted honestly; and

(ii) having regard to all the circumstances of the case (including, where applicable, those connected with the person’s appointment as an officer, or employment as an employee, of a co-operative), the person ought fairly to be excused for the contravention;

the Supreme Court may relieve the person either wholly or partly from a liability to which the person would otherwise be subject, or that might otherwise be imposed on the person, because of the contravention.

(3) In determining under subsection (2) whether a person ought fairly to be excused for a contravention of section 588G of the Corporations Act as applying under this Law, the matters to which regard is to be had include, but are not limited to—

(a) any action the person took with a view to appointing an administrator of the co-operative; and

(b) when that action was taken; and

(c) the results of that action.

(4) If a person thinks that eligible proceedings will or may be begun against them, they may apply to the Supreme Court for relief.