Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1224Z

  (1)   If the corporate director of a CCIV changes, the former corporate director must:

  (a)   as soon as practicable give the new corporate director any books in the former corporate director's possession or control that this Act requires to be kept in relation to the CCIV; and

  (b)   give other reasonable assistance to the new corporate director to facilitate the change of corporate director.

  (2)   An offence based on subsection   (1) is an offence of strict liability.