Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999
47At the end of section 46
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47 At the end of section 46
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(2) A person is guilty of an offence if:
(b) there is no order in force under section 11 determining that subsection (1) does not apply to the person; and
(c) there is no instrument in force under section 48 exempting the person from the application of subsection (1).
Note 2: 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 penalty stated above.
(3) An offence against subsection (2) is an indictable offence.