Certain actions or omissions by people subject to a corporate insolvency appointment can be subject to various offences.
Non-Disclosure or Misrepresentation | $10,000 or 2 years or both | section 590(1) of the Corporations Act |
Knowingly Receiving property of company | $5,000 or 1 year or both | section 590(5) of the Corporations Act |
Frauds by Officers of company | $10,000 or 2 years or both | section 596 of the Corporations Act |
Falsification of company books and records | $10,000 or 2 years or both | section 1307 of the Corporations Act |
Providing False or Misleading statement section | $20,000 or 5 years or both | section 1308 of the Corporations Act |