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CORPORATIONS ACT 2001 - SECT 1211B

Compliance with the Passport Rules

             (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).

   



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