7.2A.07
CurrentAmount of penalty payable to the Commonwealth
Chapter 7Financial services and markets
Part 7.2ASupervision of financial markets
Division 7.2A.2Infringement notices
7.2A.07 Amount of penalty payable to the Commonwealth
(1)
The penalty payable (if any) for an alleged contravention of subsection 798H(1) of the Act is the amount determined by ASIC.
Note:
See subsection 798K(2) of the Act for the maximum penalty payable.
(2)
If an infringement notice is in relation to more than one alleged contravention of subsection 798H(1) of the Act, the total penalty payable under the infringement notice is the sum of the penalties payable (if any) for the alleged contraventions.
This Act’s bill:Explanatory statement
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