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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 284.5

Consequences of breach

             (1)  If the corporation or entity contravenes section 284-1:

                     (a)  the contravention does not affect the validity of any contract or transaction connected with the giving of the benefit; and

                     (b)  the corporation or entity does not commit an offence.

Note:          A Court may order an injunction to stop the corporation or entity giving the benefit to the related party (see section 576-25).

             (2)  A person contravenes this subsection if they are involved in a contravention of section 284-1 by a corporation or entity.

Note 1:       This subsection is a civil penalty provision (see section 386-1).

Note 2:       Section 694-55 defines involved in .

             (3)  A person commits an offence if they are involved in a contravention of section 284-1 by a corporation or entity and the involvement is dishonest.

Penalty:  2,000 penalty units or imprisonment for 5 years, or both.



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