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CORPORATIONS ACT 2001 - SECT 1311E

Where is the penalty for an offence specified?

             (1)  The penalty specified for an offence is:

                     (a)  if a penalty, pecuniary or otherwise, is specified in Schedule 3 for the provision under which the offence is created, or a provision or provisions in which that provision is included--that penalty; and

                     (b)  if a penalty, pecuniary or otherwise, is specified in any other provision of this Act for the provision under which the offence is created, or a provision or provisions in which that provision is included--that penalty.

             (2)  To avoid doubt, a penalty is not specified for an offence if it is a consequence for committing the offence that is not a punishment on conviction for the offence.

             (3)  Without limiting subsection (2), each of the following is a consequence for committing an offence that is not a punishment on conviction for the offence:

                     (a)  the availability of a pecuniary penalty order for the contravention of a civil penalty provision that relates to the same conduct as that which gave rise to the offence;

                     (b)  the availability of an infringement notice in relation to an alleged commission of the offence;

                     (c)  the availability of administrative consequences as a result of the commission of the offence, such as:

                              (i)  disqualification from any office; or

                             (ii)  consequences in relation to a licence; or

                            (iii)  other actions that may be taken by ASIC under this Act or any other Act;

                     (d)  the availability under any law of the Commonwealth or of a State or Territory (including the general law) of an order to refund money, pay compensation, relinquish a benefit or make any other payment if the offence is committed;

                     (e)  the availability under any law of the Commonwealth or of a State or Territory (including the general law) of an injunction or any other order directing a person to take, or refrain from taking, action if the offence is committed.



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