QLDIn ForceAct
Financial Intermediaries Act 1996
sec.221Inducement to be appointed as liquidator
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sec.221 Inducement to be appointed as liquidator
A person must not give, or agree or offer to give, to a member or creditor of a society valuable consideration for securing the person’s appointment or nomination, or to securing or preventing the appointment or nomination of another person, as the liquidator of the society. Maximum penalty—400 penalty units or 2 years imprisonment.