(1) The Commissioner may give an acting responsible entity a written notice directing the acting responsible entity to do, or not to do, one or more specified acts or things in relation to the registered entity.
(2) The acting responsible entity commits an offence if:
(a) the acting responsible entity engages in conduct (within the meaning of section 300 - 5); and
(b) that engagement in conduct contravenes a notice given to the acting responsible entity under subsection (1) of this section.
(3) This section does not affect the validity of a transaction entered into in contravention of a notice given under subsection (1).