Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 259F

  (1)   If a company contravenes section   259A or subsection   259B(1):

  (a)   the contravention does not affect the validity of the acquisition or security or of any contract or transaction connected with it; and

  (b)   the company is not guilty of an offence.

  (2)   Any person who is involved in a company's contravention of section   259A or subsection   259B(1) contravenes this subsection.

Note 1:   Subsection   (2) is a civil penalty provision (see section   1317E).

Note 2:   Section   79 defines involved .

  (3)   A person commits an offence if they are involved in a company's contravention of section   259A or subsection   259B(1) and the involvement is dishonest.

Note:   This Part does not apply to a CCIV: see section   1231L.