AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 200 Contempt of Takeovers Panel

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 200

  (1)   A person must not:

  (a)   engage in conduct that results in the obstruction or hindering of the Takeovers Panel or a member in the performance or exercise of any of the Takeovers Panel's functions and powers; or

  (b)   engage in conduct that results in the disruption of Takeovers Panel proceedings.

Penalty:   1 year imprisonment.

  (2)   A person must not contravene a direction given under subsection   190(1).

Penalty:   120 penalty units.

  (2A)   Subsection   (2) is an offence of strict liability.

Note:   For strict liability , see section   6.1 of the Criminal Code .

  (2B)   Subsection   (2) does not apply to the extent that the person has a reasonable excuse.

Note:   A defendant bears an evidential burden in relation to the matter in this subsection, see subsection   13.3(3) of the Criminal Code .

  (3)   An offence constituted by a contravention of subsection   (1) or (2) is punishable on summary conviction.