Offences
74V Offences
A responsible entity must not—
fail, without reasonable excuse, to provide a statement of assurance to the relevant Minister in accordance with section 74N; or
provide a false or misleading statement of assurance to the relevant Minister in accordance with section 74N; or
fail, without reasonable excuse, to revise a statement of assurance when requested to do so by the relevant Minister in accordance with section 74O(1); or
fail, without reasonable excuse, to submit a further statement of assurance within the specified time when directed to do so by the relevant Minister in accordance with section 74O(2); or
fail, without reasonable excuse, to provide further information within the specified time when requested to do so by the relevant Minister in accordance with section 74O(3); or
fail, without reasonable excuse, to provide details of an emergency risk management plan within the specified time when requested to do so by the relevant Minister in accordance with section 74P; or
fail, without reasonable excuse, to conduct an exercise in accordance with section 74Q; or
fail, without reasonable excuse, to undertake specified improvement actions within the specified time when required to do so by the relevant Minister in accordance with section 74R; or
fail, without reasonable excuse, to conduct an audit with an independent auditor when requested to do so by the relevant Minister in accordance with section 74S(3); or
fail, without reasonable excuse, to submit an audit certificate to the relevant Minister in accordance with section 74T; or
submit a false or misleading audit certificate to the relevant Minister in accordance with section 74T.
Penalty: In the case of a natural person, 600 penalty units;
In the case of a body corporate, 3000 penalty units.
S. 74W inserted by No. 76/2014 s. 3 (as amended by No. 20/2015 s. 12).
This Act’s bill:Explanatory memorandumSecond reading speech
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