Western Australian Consolidated Acts Western Australian Consolidated Acts (1) Where a company
has paid any sums by way of commission and/or brokerage in respect of any
shares or debentures, or allowed any sums by way of discount in respect of any
debentures, the total amount so paid or allowed, or so much thereof as has not
been written off, shall be stated in every balance sheet of the company until
the whole amount thereof has been written off.
(2) If default is made
in complying with this section the company and every officer of the company
who is in default shall be liable to a fine not exceeding $40.
[Section 58 amended by No. 113 of 1965
s. 8(1).]