Securities Industry Act 1980
142Continuing offences
Start here
Get a plain-English read of 142
Turn the raw legal text into a practical explanation grounded in Securities Industry Act 1980.
142 Continuing offences
(1) Where:
(a) by or under a provision, an act is required to be done within a particular period or before a particular time;
(b) failure to do the act within that period or before that time constitutes an offence; and
(c) the act is not done within that period or before that time;
then:
(d) the obligation to do the act continues, notwithstanding that that period has expired or that time has passed, and whether or not a person is convicted of a primary substantive offence in relation to failure to do the act, until the act is done; and
(e) subsections (3) and (4) apply.
(2) Where:
(a) by or under a provision, an act is required to be done but neither a period within which, nor a time before which, the act is to be done is specified;
(b) failure to do the act constitutes an offence; and
(c) a person is convicted of a primary substantive offence in relation to failure to do the act;
then:
(d) the obligation to do the act continues, notwithstanding the conviction, until the act is done; and
(e) subsections (3) and (4) apply.
(3) Where:
(a) at a particular time, a person is first convicted of a substantive offence, or is convicted of a second or subsequent substantive offence, in relation to failure to do the act; and
(b) the failure to do the act continues after that time;
the person is, in relation to failure to do the act, guilty of a further offence in respect of so much of the period throughout which the failure to do the act continues as elapses after that time and before the relevant day in relation to the further offence. (4) Where:
(a) a body corporate is guilty of a primary substantive offence in relation to failure to do the act; and
(b) throughout a particular period (in this subsection referred to as the relevant period:
(i) the failure to do the act continues;
(ii) a person (in this subsection referred to as the derivative offender) is in any way, by act or omission, directly or indirectly, knowingly concerned in or party to the failure to do the act; and
(iii) the derivative offender is an officer of the body corporate;
then:
(c) in a case where either or both of the following events occurs or occur:
(i) the body corporate is convicted, before or during the relevant period, of the primary substantive offence;
(ii) the derivative offender is convicted, before or during the relevant period, of a primary derivative offence in relation to failure to do the act;