Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1317E

Declarations of contravention

(1) If a Court is satisfied that a person has contravened 1 of the following provisions, it must make a declaration of contravention:

(a)
subsections 180(1) and 181(1) and (2), 182(1) and (2), 183(1) and (2) (officers' duties);

(b)
subsection 209(2) (related parties rules);

(c)
subsections 254L(2), 256D(3), 259F(2) and 260D(2) (share capital transactions);

(d)
subsection 344(1) (requirements for financial reports);

(e)
subsection 588G(2) (insolvent trading);

(f)
subsection 601FC(1);

(g)
subsection 601FD(1);

(h)
subsection 601FE(1);

(i)
section 601FG;

(j)
subsection 601JD(1);

(k)
subclause 29(6) of Schedule 4.

These provisions are the civil penalty provisions .

Note: Once a declaration has been made ASIC can then seek a pecuniary penalty order (section 1317G) or a disqualification order (section 206C).

(2) A declaration of contravention must specify the following:

(a)
the Court that made the declaration;

(b)
the civil penalty provision that was contravened;

(c)
the person who contravened the provision;

(d)
the conduct that constituted the contravention;

(e)
the corporation or registered scheme to which the conduct related.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback