Part 1: Registration of Overseas Entities Updating Section 8: Failure to comply with updating duty
It is a criminal offence to fail to comply with the updating duty. Section 8 provides that if the duty is not complied with, not only does the entity commit an offence, but also every officer of the entity who is in default (subsection (1)). The supplementary provisions in section 34 provide for what it means to be an "officer in default" for the purposes of Part 1 of the Act.
	Subsection (2) sets out that a person guilty of an offence under subsection (1) is liable on summary conviction to an initial fine as well as a daily default fine for continued contravention. The contravention continues until such time as the registered overseas entity has delivered the required statements and information.
	In the case of continued contravention, subsection (4) provides that the offence may also be committed by an officer who did not commit the offence in relation to the initial contravention, but who is in default in relation to the continued contravention.