INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991 - SECT 45 Offence of contravening permanent restraining order or divestment order

INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991 - SECT 45

    A person who contravenes a permanent restraining order or divestment order commits an offence punishable on conviction by imprisonment for a period not exceeding 2 years.

Note:   Subsection   4B(2) of the Crimes Act 1914 allows a court to impose an appropriate fine instead of, or in addition to, a term of imprisonment. If a body corporate is convicted of an offence, subsection   4B(3) of that Act allows a court to impose a fine of an amount that is not greater than 5 times the maximum fine that could be imposed by a court on an individual convicted of the same offence.