Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1211B

  (1)   A person contravenes this subsection if:

  (a)   an obligation is imposed on the person in relation to an Australian passport fund under the Passport Rules for this jurisdiction; and

  (b)   the person does not comply with the obligation.

  (2)   A person contravenes this subsection if:

  (a)   an obligation is imposed on the person in relation to a notified foreign passport fund under the Passport Rules for this jurisdiction; and

  (b)   the person does not comply with the obligation; and

  (c)   the failure to comply results, or is likely to result, in a person in this jurisdiction who holds an interest in the fund suffering financial or other disadvantage.

  (3)   A person commits an offence if the person contravenes subsection   (1) or (2).

Penalty:

  (a)   for an individual--5 years imprisonment, 2,000 penalty units, or both; and

  (b)   for a body corporate--20,000 penalty units.

  (4)   A person commits an offence of strict liability if the person contravenes subsection   (1) or (2).

  Penalty:   60 penalty units.

  (5)   Section   15.1 of the Criminal Code (extended geographical jurisdiction--category A) applies to an offence against subsection   (3) or (4).