Australian Capital Territory Repealed Acts Australian Capital Territory Repealed ActsThis legislation has been repealed.
(1) An officer of a cooperative must not accept any commission, fee or reward, whether financial or otherwise, from anyone in relation to a transaction or proposed transaction between the person and the cooperative.
Maximum penalty: 50 penalty units, imprisonment for 6 months or both.
(2) If the court that convicts an officer of a cooperative of an offence against subsection (1) is satisfied that the cooperative has suffered loss or damage because of the acceptance of the commission, fee or reward, the court may (in addition to imposing a penalty for the offence) order the officer to pay compensation to the cooperative.
(3) An order under subsection (2) takes effect, and may be enforced, as a judgment of the court.