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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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