No insurance or other indemnity against penalties
272A No insurance or other indemnity against penalties
A person must not, without reasonable excuse:
enter into a contract of insurance or other arrangement under which the person, or another person, is purportedly covered for all or part of a liability for a monetary penalty under this Act; or
provide insurance or a grant of indemnity for all or part of a liability for a monetary penalty under this Act; or
take the benefit of a contract of insurance, arrangement or grant of indemnity mentioned in paragraph (a) or (b).
Penalty: The tier B monetary penalty.
Subsection (1) places an evidential burden on the accused to show a reasonable excuse.
A term of a contract of insurance or other arrangement is void to the extent it purports to cover a person for all or part of a liability for a monetary penalty under this Act.
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