Financial Intermediaries Act 1996
sec.215Defaults by societies
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sec.215 Defaults by societies
A society must comply with a lawful requirement under this Act to give information to the registrar or another person. If a society contravenes subsection (1) , the society and any officer of the society who is in default each commit an offence. Maximum penalty for subsection (2) —400 penalty units or 2 years imprisonment. s 215 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.215-ssec.1) A society must comply with a lawful requirement under this Act to give information to the registrar or another person. (sec.215-ssec.2) If a society contravenes subsection (1) , the society and any officer of the society who is in default each commit an offence. Maximum penalty for subsection (2) —400 penalty units or 2 years imprisonment.