Maximum penalty—Tier 3

Current

(1)

If Tier 3 is specified as the maximum penalty at the end of a provision (or a number of provisions) of this Act, a person who contravenes or fails to comply with that provision (or those provisions) is guilty of an offence and liable to a penalty not exceeding—

(a)

in the case of a corporation—

(i)

$1 million, and

(ii)

for a continuing offence—a further $10,000 for each day the offence continues, or

(b)

in the case of an individual—

(i)

$250,000, and

(ii)

for a continuing offence—a further $2,500 for each day the offence continues.

(2)

If a period of imprisonment is also specified, the person is also liable to imprisonment not exceeding the period so specified.

Note.

Section 10.13 provides that the regulations may create offences and impose a maximum monetary penalty for an offence against the regulations not exceeding $110,000.

Regulations

This provision refers to the regulations (the regulations). Made under this Act:

9 more instruments made under this Act are listed on the Act’s overview.

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9.54 Maximum penalty—Tier 3