Co-operatives National Law (Queensland)
sec.328Contravention by directors of provisions of this Part (cf Corporations Act s 344 )
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sec.328 Contravention by directors of provisions of this Part (cf Corporations Act s 344 )
A director of a co-operative contravenes this subsection if they fail to take all reasonable steps to comply with or to secure compliance with— section 272 , 284 (1) or (2), 289, 290, 291, 292 or 293; or section 315 (1) of the Corporations Act as applying under section 285 (2) of this Law; or section 318 of the Corporations Act as applying under section 288 of this Law. This subsection is a civil penalty provision (see section 554 ). A person commits an offence if they contravene subsection (1) and the contravention is dishonest. Maximum penalty—$200,000 or imprisonment for 5 years, or both. (sec.328-ssec.1) A director of a co-operative contravenes this subsection if they fail to take all reasonable steps to comply with or to secure compliance with— section 272 , 284 (1) or (2), 289, 290, 291, 292 or 293; or section 315 (1) of the Corporations Act as applying under section 285 (2) of this Law; or section 318 of the Corporations Act as applying under section 288 of this Law. This subsection is a civil penalty provision (see section 554 ). (sec.328-ssec.2) A person commits an offence if they contravene subsection (1) and the contravention is dishonest.
- (a) section 272 , 284 (1) or (2), 289, 290, 291, 292 or 293; or
- (b) section 315 (1) of the Corporations Act as applying under section 285 (2) of this Law; or
- (c) section 318 of the Corporations Act as applying under section 288 of this Law.