Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.5A.102

  (1)   This Subdivision is made for sections   901F and 903E of the Act.

  (2)   This Subdivision does not require ASIC to give an infringement notice to a person in relation to the alleged contravention of those sections.

  (3)   This Subdivision does not affect the liability of a person to civil proceedings if ASIC does not give an infringement notice to the person in relation to the alleged contravention of those sections.

  (4)   This Subdivision does not affect the liability of a person to civil proceedings if:

  (a)   ASIC gives an infringement notice to the person in relation to the alleged contravention of those sections; and

  (b)   either:

  (i)   the notice is withdrawn; or

  (ii)   the person does not comply with the notice in accordance with regulation   7.5A.108.

  (5)   This Subdivision does not limit or otherwise affect the penalty that a Court could impose on the person for a contravention of those sections.