Acts with the most barbs

(Source: Brooker’s)
? The Companies Act: Directors may be fined up to $10,000 for failure to comply (ss 373, 374). For more serious offences the penalty is up to five years’ imprisonment or up to $200,000.
? The Building Act: Fines of up to $100,000 for any person who carries out or permits any building work that’s not in accordance with current building consent. If the offence continues, there’s an additional penalty of up to $10,000 per day. Double (maximum) this amount respectively, for using building for purpose that’s not safe, sanitary, or which has inadequate means of escape. Provisions of ss 83 Building Act parallel 22 341-342 of the Resource Management Act. Note this: Directors and others can be personally liable for the above mentioned fines.
? Health and Safety in Employment Act: person whose act or omission results in serious harm to others (where likelihood of serious harm was known) is liable on conviction to imprisonment to term not exceeding one year, and/or fine of up to $100,000. breach of other provisions of the Act is punishable by fine up to $50,000.
? Fair Trading Act: Any person who contravenes this Act is liable to fine not exceeding $30,000.
? Commerce Act: Directors may be exposed to direct penalties up to $500,000.
? Financial Reporting Act: director is liable to fine not exceeding $100,000 if financial statements are not prepared and audited when required. Up to five years’ imprisonment or fine of $200,000 for false or misleading statements.

Visited 10 times, 1 visit(s) today
Close Search Window