Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.2A.07

Amount of penalty payable to the Commonwealth

             (1)  The penalty payable (if any) for an alleged contravention of subsection 798H(1) of the Act is the amount determined by ASIC .

Note:          Subsection 798K(2) of the Act states that the penalty payable under paragraph 798K(1)(a) of the Act in relation to a market integrity rule must not exceed three-fifths of the penalty amount set out in the market integrity rules in relation to the rule.

             (2)  If an infringement notice is in relation to more than one alleged contravention of subsection 798H(1) of the Act, the total penalty payable under the infringement notice is the sum of the penalties payable (if any) for the alleged contraventions.



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