Northern Territory Numbered Acts

STATUTE LAW AMENDMENT (DIRECTORS' LIABILITY) ACT 2015 (NO 26 OF 2015) - SECT 82

After section 46

insert

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

47     Offences – before and after commencement

    (1)     Section 39, as inserted by the Statute Law Amendment (Directors' Liability) Act 2015 , (the new section ) applies in relation to a relevant offence committed by a body corporate after the commencement of Part 2, Division 25 of that Act (the commencement ) only if:

    (a)     all the conduct constituting the relevant 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 39, as in force before the commencement:

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

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