7.5A.107
CurrentAmount of penalty payable to the Commonwealth
Chapter 7Financial services and markets
Part 7.5ARegulation of derivative transactions and derivative trade repositories
Division 2Regulation of derivative transactions: derivative transaction rules
Subdivision 2.3Infringement notices
7.5A.107 Amount of penalty payable to the Commonwealth
(1)
The penalty payable (if any) for an alleged contravention of a rule is the amount determined by ASIC.
Note:
See subsections 901F(2) and 903E(2) of the Act for the maximum penalty payable.
(2)
If an infringement notice is in relation to more than one alleged contravention of a rule, 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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