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CO-OPERATIVE HOUSING SOCIETIES ACT 1958 - SECT 15 Society to comply with direction

CO-OPERATIVE HOUSING SOCIETIES ACT 1958 - SECT 15

Society to comply with direction

    (1)     A society must take all reasonable steps to comply with a direction under this Division to transfer its engagements.

Penalty:     200 penalty units.

    (2)     An officer of a society must not—

        (a)     fail to take all reasonable steps to secure compliance by the society with a direction to transfer its engagements; or

        (b)     by a wilful act or omission, be the cause of a failure by the society to comply with a direction to transfer its engagements.

Penalty:     200 penalty units.

S. 16 substituted by No. 48/1992 s. 96.