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CORPORATIONS ACT 2001 - SECT 1317DAJ

Publication in relation to infringement notices

             (1)  If:

                     (a)  ASIC issues an infringement notice to a disclosing entity; and

                     (b)  subsection 1317DAF(3) (compliance with the infringement notice) is satisfied;

ASIC may publish details of the disclosing entity's compliance with the infringement notice under subsection (2) or (3) or under both of those subsections.

             (2)  ASIC publishes details of the disclosing entity's compliance with the infringement notice under this subsection if it publishes a copy of the infringement notice in the Gazette together with the following statements:

                     (a)  a statement that the disclosing entity has complied with the infringement notice;

                     (b)  a statement that compliance with the notice is not an admission of guilt or liability;

                     (c)  a statement that the disclosing entity is not regarded as having contravened the provision specified in the notice.

             (3)  ASIC publishes details of the disclosing entity's compliance with the infringement notice under this subsection if:

                     (a)  ASIC issues a statement (whether written or oral) about the disclosing entity's compliance with the infringement notice; and

                     (b)  the statement is limited to an accurate summary of the infringement notice including:

                              (i)  the name of the disclosing entity; and

                             (ii)  the amount of the penalty payable under the notice in relation to the alleged contravention; and

                            (iii)  the conduct specified in the notice as the conduct in relation to which the infringement notice was issued;

                            together with the following statements:

                            (iv)  a statement that the disclosing entity has complied with the infringement notice;

                             (v)  a statement that compliance with the notice is not an admission of guilt or liability;

                            (vi)  a statement that the relevant disclosing entity is not regarded as having contravened the provision specified in the notice.

             (4)  ASIC must not otherwise publish details of:

                     (a)  an infringement notice; or

                     (b)  a disclosing entity's compliance with an infringement notice.

Failure to comply with this subsection is not an offence.

   



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