sec.554Declarations of contravention (cf Corporations Act s 1317E )

sec.554 Declarations of contravention (cf Corporations Act s 1317E )

If the Supreme Court is satisfied that a person has contravened one of the following provisions, it must make a declaration of contravention— section 192 (1) (Care and diligence); section 193 (1) (Good faith); section 193 (2); section 194 (1) (Use of position); section 194 (2); section 195 (1) (Use of information); section 195 (3); section 328 (1) (Contravention by directors of provisions of Part 3.3 ); without limiting paragraph (h) — section 315 (1) of the Corporations Act (Deadline for reporting to members) as applying under section 285 (2) or 328 (1) of this Law; section 318 of the Corporations Act (Additional reporting by debenture issuers) as applying under section 288 or 328 (1) of this Law; any of the following provisions of the Corporations Act relating to debentures as applying under section 337 of this Law— section 674 (2) (Continuous disclosure—listed disclosing entity bound by a disclosure requirement in market listing rules); section 674 (2A) ; section 675 (2) (Continuous disclosure—other disclosing entities); section 675 (2A) ; section 1041A (Market manipulation); section 1041B (1) (False trading and market rigging—creating a false or misleading appearance of active trading etc); section 1041C (1) (False trading and market rigging—artificially maintaining etc. trading price); section 1041D (Dissemination of information about illegal transactions); section 1043A (1) (Prohibited conduct by person in possession of inside information); section 1043A (2) ; section 588G (2) of the Corporations Act (Director’s duty to prevent insolvent trading by company) as applying under section 451 of this Law. A declaration of contravention must specify the following— the court that made the declaration; the civil penalty provision that was contravened; the person who contravened the provision; the conduct that constituted the contravention. (sec.554-ssec.1) If the Supreme Court is satisfied that a person has contravened one of the following provisions, it must make a declaration of contravention— section 192 (1) (Care and diligence); section 193 (1) (Good faith); section 193 (2); section 194 (1) (Use of position); section 194 (2); section 195 (1) (Use of information); section 195 (3); section 328 (1) (Contravention by directors of provisions of Part 3.3 ); without limiting paragraph (h) — section 315 (1) of the Corporations Act (Deadline for reporting to members) as applying under section 285 (2) or 328 (1) of this Law; section 318 of the Corporations Act (Additional reporting by debenture issuers) as applying under section 288 or 328 (1) of this Law; any of the following provisions of the Corporations Act relating to debentures as applying under section 337 of this Law— section 674 (2) (Continuous disclosure—listed disclosing entity bound by a disclosure requirement in market listing rules); section 674 (2A) ; section 675 (2) (Continuous disclosure—other disclosing entities); section 675 (2A) ; section 1041A (Market manipulation); section 1041B (1) (False trading and market rigging—creating a false or misleading appearance of active trading etc); section 1041C (1) (False trading and market rigging—artificially maintaining etc. trading price); section 1041D (Dissemination of information about illegal transactions); section 1043A (1) (Prohibited conduct by person in possession of inside information); section 1043A (2) ; section 588G (2) of the Corporations Act (Director’s duty to prevent insolvent trading by company) as applying under section 451 of this Law. (sec.554-ssec.2) A declaration of contravention must specify the following— the court that made the declaration; the civil penalty provision that was contravened; the person who contravened the provision; the conduct that constituted the contravention.