Co-operatives National Law (Queensland)
sec.487Accepting commission
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sec.487 Accepting commission
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. 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. (sec.487-ssec.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. (sec.487-ssec.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.