QLDIn ForceAct
Financial Intermediaries Act 1996
sec.231Officers and other persons in default
Start here
Get a plain-English read of sec.231
Turn the raw legal text into a practical explanation grounded in Financial Intermediaries Act 1996.
sec.231 Officers and other persons in default
If this Act provides that an officer of a society who is in default commits an offence, the reference to the officer who is in default is, for a contravention of, or an offence against, this Act, a reference to an officer of the society (including a person who later ceased to be an officer of the society) who is in any way by act or omission, directly or indirectly, knowingly concerned in or party to the contravention or offence.