Independent Competition and Regulatory Commission Act 1997

If a person served with a civil penalty notice pays the amount payable under the notice in accordance with the notice—

any liability of the person for the alleged contravention is discharged; and

the person must not be prosecuted for a corresponding offence; and

the person is not taken to have been convicted of a corresponding offence; and

the commission must not start an enforcement order proceeding against the person in relation to the alleged contravention; and

the person is not taken to have admitted guilt or liability for the alleged contravention.

Subsection (1) does not apply if the notice is withdrawn under section 54J.