Northern Territory Numbered Acts

STATUTE LAW AMENDMENT (DIRECTORS' LIABILITY) ACT 2015 (NO 26 OF 2015) - SECT 113

After section 83

insert

Division 2     Transitional matters for Statute Law Amendment (Directors' Liability) Act 2015

84     Offences – before and after commencement

    (1)     Section 72, as inserted by the Statute Law Amendment (Directors' Liability) Act 2015 , (the new section ) applies in relation to a declared offence committed by a body corporate after the commencement of Part 2, Division 36 of that Act (the commencement ) only if:

    (a)     all the conduct constituting the declared offence occurred after the commencement; and

    (b)     all the conduct of the executive officer constituting the offence against the new section occurred after the commencement.

    (2)     Section 72, as in force before the commencement:

    (a)     continues to apply in relation to offences committed by a body corporate before the commencement; and

    (b)     applies in relation to declared offences committed by a body corporate after the commencement to which, as a result of subsection (1), the new section does not apply.