South Australian Numbered Acts

STATUTES AMENDMENT (DIRECTORS' LIABILITY) ACT 2011 (NO 36 OF 2011) - SECT 18

18—Amendment of section 36—Permits

Section 36(5) and (7), penalty provisions—delete the penalty provisions and substitute in each case:

Maximum penalty:

            (a)         in the case of a body corporate—$250 000;

            (b)         in the case of a natural person—$10 000.