157   Society to comply with direction

(1)  A society must take all reasonable steps to comply with a direction under this Division to transfer its engagements.

Maximum penalty: 10 penalty units.

(2)  An officer of a society must not:

(a)  fail to take all reasonable steps to secure compliance by the society with a direction to transfer its engagements, or

(b)  by a wilful act or omission, be the cause of a failure by the society to comply with a direction to transfer its engagements.

Maximum penalty: 10 penalty units.