Monetary penalties—categories 1 to 3
1 Monetary penalties—categories 1 to 3
A penalty referred to in column 1 of an item of the following table, for a person referred to in the heading to another column of the table, is the amount specified in that other column of that item, as indexed under clause 4 and rounded under clause 5.
Monetary penalties—categories 1 to 3 | ||||
|---|---|---|---|---|
Item | Column 1 Kind of penalty | Column 2 An individual who commits an offence as: (a) a person conducting a business undertaking; or (b) an officer of a person conducting a business undertaking | Column 3 An individual who commits an offence (other than as mentioned in column 2) | Column 4 A body corporate |
1 | the category 1 monetary penalty | $3,000,000 | $1,500,000 | $15,000,000 |
2 | the category 2 monetary penalty | $418,000 | $209,000 | $2,090,000 |
3 | the category 3 monetary penalty | $140,000 | $70,000 | $700,000 |
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