(1) A member, agent or employee of a society commits an offence who corruptly accepts, agrees to accept, obtain whether for himself or herself or another, any gift or consideration as an inducement or reward for—
(a) doing or forbearing to do any act relating to the business of the society; or
(b) for showing favour or disfavour to any person in relation to the business of the society.
(2) A person who corruptly gives, agrees to give, or offers such gift or consideration to any member, agent or employee of a society as inducement or reward for any purpose mentioned in subsection (1) commits an offence.
(3) A person who commits an offence under subsection (1) is liable on summary conviction to a fine of $5,000 or to imprisonment for 2 years or both, and on indictment, to imprisonment for 3 years.
(4) A person who commits an offence under subsection (2) is liable to imprisonment for a term of 5 years.
(5) In this section “consideration” includes valuable consideration of any kind.