Commonwealth Numbered Acts

Companies and Securities Legislation (Miscellaneous Amendments) Act (No. 1) 1984 No. 13 of 1984 - SECT 19

19. Section 132 of the Principal Act is amended by omitting ''Penalty: $2,500
or imprisonment for 6 months, or both.'' and substituting the following
sub-sections:

''(8) The references in sub-sections (1) and (4) to an employee of a person
who is a dealer or an investment adviser include, in the case of a body
corporate that is a dealer or an investment adviser, references to an officer
of the body corporate.

''(9) The reference in sub-section (7) to an employee of a sole trader or
member firm includes, in the case of a sole trader that is a body corporate or
a member firm a partner in which is a body corporate, a reference to an
officer of the body corporate.

''(10) The penalty for an offence against this section is a fine not exceeding
$2,500 or imprisonment for a period not exceeding 6 months, or both.''.