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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 42.25 Corporation may have common seal

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 42.25

Corporation may have common seal

  (1)   An Aboriginal and Torres Strait Islander corporation may have a common seal. If an Aboriginal and Torres Strait Islander corporation does have a common seal, the corporation must set out on it the corporation's name and ICN.

Note 1:   An Aboriginal and Torres Strait Islander corporation may make contracts and execute documents without using a seal (see sections   99 - 1 and 99 - 5).

Note 2:   For abbreviations that can be used on a seal, see section   85 - 10.

  (2)   An Aboriginal and Torres Strait Islander corporation may have a duplicate common seal. The duplicate must be a copy of the common seal with the words "duplicate seal" added.

  (3)   A person commits an offence if:

  (a)   the person uses, or authorises the use of, a seal; and

  (b)   the seal purports to be the common seal of an Aboriginal and Torres Strait Islander corporation or a duplicate; and

  (c)   the seal does not comply with the requirements set out in subsection   (1) or (2).

Penalty:   10 penalty units.

  (4)   An offence against paragraph   (3)(a) is an offence of strict liability.

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