Western Australian Consolidated Acts Every investment
company and every member of the governing body, director, manager or officer
of an investment company guilty of permitting, causing, directing or
authorising a breach of any of the provisions of this Part shall be guilty of
an offence and shall be liable to a penalty of not more than $200 and in the
case of a continuing offence to a penalty of not more than $20 for every day
on which such breach continues after conviction.
[Section 389 amended by No. 113 of 1965
s. 8(1).]