ASSOCIATIONS INCORPORATION ACT 1985 - SECT 49AF

ASSOCIATIONS INCORPORATION ACT 1985 - SECT 49AF

49AF—Frauds by officers

        (1)         A person who, while an officer of an incorporated association—

            (a)         by false pretences or by means of any other fraud, induces a person to give credit to the association or to a related body corporate; or

            (b)         with intent to defraud the association or a related body corporate, or members or creditors of the association or a related body corporate, makes or purports to make, or causes to be made or to be purported to be made, any gift or transfer of, or charge on, or causes or connives at the levying of any execution against, property of the association or of a related body corporate; or

            (c)         with intent to defraud the association or a related body corporate, or members or creditors of the association or of a related body corporate, conceals or removes any part of the property of the association or of a related body corporate after, or within two months before, the date of any unsatisfied judgement or order for payment of money obtained against the association or a related body corporate,

is guilty of an offence.

Maximum penalty: $10 000 or two years imprisonment.

        (2)         In this section—

"related body corporate" has the same meaning as in the Corporations Act 2001 of the Commonwealth.