151ZIAnti‑avoidance

151ZI Anti‑avoidance

(1) A corporation must not, either alone or together with one or more other persons: (a) enter into a scheme; or (b) begin to carry out a scheme; or (c) carry out a scheme; for the sole or dominant purpose of avoiding the application of any provision of this Part in relation to: (d) the corporation; or (e) any other corporation. Ancillary contraventions (2) A person must not: (a) aid, abet, counsel or procure a contravention of subsection (1); or (b) induce, whether by threats or promises or otherwise, a contravention of subsection (1); or (c) be in any way, directly or indirectly, knowingly concerned in, or party to, a contravention of subsection (1); or (d) conspire with others to effect a contravention of subsection (1). Civil penalty provisions (3) Subsections (1) and (2) are civil penalty provisions.

Note: Part 31 provides for pecuniary penalties for breaches of civil penalty provisions.

Scheme (4) For the purposes of this section, scheme means: (a) any agreement, arrangement, understanding, promise or undertaking, whether express or implied; or (b) any scheme, plan, proposal, action, course of action or course of conduct, whether unilateral or otherwise; but does not include a functional separation undertaking.