Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12GXG

  (1)   If the person to whom an infringement notice for an alleged contravention of a provision is given pays the amount stated in the notice before the end of the payment period for the notice:

  (a)   any liability of the person for the alleged contravention is discharged; and

  (b)   if the alleged contravention is of an offence provision and would not also constitute a contravention of a civil penalty provision--the person may not be prosecuted in a court for the alleged contravention; and

  (c)   if the alleged contravention is of an offence provision and would also constitute a contravention of a civil penalty provision--the person may not be prosecuted in a court, and proceedings seeking a pecuniary penalty order may not be brought, in relation to the alleged contravention; and

  (d)   if the alleged contravention is of a civil penalty provision--proceedings seeking a pecuniary penalty order may not be brought in relation to the alleged contravention; and

  (e)   the person is not regarded as having admitted guilt or liability for the alleged contravention; and

  (f)   if the provision is an offence provision--the person is not regarded as having been convicted of the alleged offence.

  (2)   Subsection   (1) does not apply if the notice has been withdrawn.