s 14

Breach of authorisation conditions

In force

(1)

A general insurer commits an offence if:

(a)

the insurer does an act or fails to do an act; and

(b)

doing the act or failing to do the act results in a contravention of a condition of the insurer’s authorisation under section 12; and

(c)

there is no determination in force under subsection 7(1) that this subsection does not apply to the insurer.

Penalty: 300 penalty units.

(1A)

If an individual:

(a)

commits an offence against subsection (1) because of Part 2.4 of the Criminal Code; or

(b)

commits an offence under Part 2.4 of the Criminal Code in relation to an offence against subsection (1);

he or she is punishable, on conviction, by a fine not exceeding 60 penalty units.

(2)

An offence against this section is an offence of strict liability.

Note 1:

For strict liability, see section 6.1 of the Criminal Code.

Note 2:

Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

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