Section 1021O — Corporations Act 2001: Offences of issuer or seller of financial product failing to pay money into an account as required

Strict liability offence (1) An issuer or seller of financial products commits an offence if: (a) the issuer or seller is required by subsection 1017E(2) to pay particular money into an account in accordance with that subsection; and (b) the issuer or seller does not pay the money into an account in accordance with that subsection. (2) An offence based on subsection (1) is an offence of strict liability. Note: For strict liability, see section 6.1 of the Criminal Code. Ordinary offence (3) An issuer or seller of financial products commits an offence if: (a) the issuer or seller is required by subsection 1017E(2) to pay particular money into an account in accordance with that subsection; and (b) the issuer or seller does not pay the money into an account in accordance with that subsection.