Queensland Consolidated Acts

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AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 92

Corporation to give notices relating to claim

92 Corporation to give notices relating to claim

(1) This section applies if the respondent is a corporation that is given a claim notice under section 91 .
(2) The respondent must give written notice of the claim, within 14 days after the claim notice is received by the respondent, to each person who was an executive officer of the corporation at the time the event alleged to give rise to the claim happened, unless the respondent has a reasonable excuse.
Penalty—
Maximum penalty—
(a) for an individual guilty of an offence under chapter 2 of the Criminal Code —100 penalty units; or
(b) for a corporation—500 penalty units.
(3) An executive officer mentioned in subsection (2) is taken to be a respondent to the claim.
(4) The respondent is taken to have given the notice to an executive officer if the notice is sent to the residential and business address of the officer last known to the respondent.
(5) The respondent must give the chief executive, within 21 days after the claim notice is given to the respondent
(a) written notice of the name and last known residential and business address of each person who was an executive officer of the corporation at the time the event alleged to give rise to the claim happened; and
(b) a copy of the notice to the executive officer given under subsection (2) and information about when the notice was given.
Penalty—
Maximum penalty for subsection (5)
(a) for an individual guilty of an offence under chapter 2 of the Criminal Code —100 penalty units; or
(b) for a corporation—500 penalty units.



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