Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999
32After subsection 14A(2)
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32 After subsection 14A(2)
(2A) A person who is or has been an officer of an ADI is guilty of an offence if:
(a) there is an ADI statutory manager in relation to the ADI; and
(b) under subsection (2), the ADI statutory manager requires the person to give the ADI statutory manager information; and
(c) the person fails to comply with the requirement; and
(d) there is no order in force under section 11 determining that this subsection does not apply to the person.
Maximum penalty: Imprisonment for 12 months.
Note 2: Subsection 4B(2) of the Crimes Act 1914 allows a court to impose a fine instead of, or in addition to, a term of imprisonment. The maximum fine a court may impose is worked out as provided in that subsection.
Note 3: If a body corporate is convicted of an offence against this subsection, subsection 4B(3) of the Crimes Act 1914 allows a court to impose a fine of up to 5 times the maximum fine worked out as mentioned in Note 2.