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CORPORATIONS ACT 2001 - SECT 453F
Directors to help restructuring practitioner
(1) A director of a company under restructuring must:
(a) attend on the restructuring practitioner; and
(b) give the restructuring practitioner information about the
company's business, property, affairs and financial circumstances; and
(c) allow the restructuring practitioner to inspect and take
copies of the company's books;
at the times and in the manner reasonably required by the
restructuring practitioner .
(2) A person must not fail to comply with subsection (1).
Penalty: 120 penalty units.
(3) An offence based on subsection (1) is an offence of
strict liability.
(4) Subsection (3) does not apply to the extent that the
person has a reasonable excuse.
Note: A defendant bears an evidential burden in relation to the matter
in subsection (4), see subsection 13.3(3) of the Criminal Code .
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