Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1311A

Penalty for committing an offence

             (1)  A person who commits an offence against this Act is punishable on conviction by a penalty not exceeding the penalty applicable to the offence.

             (2)  If:

                     (a)  a person commits an offence in the person's capacity as trustee of a registrable superannuation entity; and

                     (b)  the penalty applicable to the offence is, or includes, a fine;

then, in determining the fine for the offence, the court must take into account the impact that the fine under consideration would have on the beneficiaries of the entity.



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