Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.5A.107

Amount of penalty payable to the Commonwealth

  (1)   The penalty payable (if any) for an alleged contravention of a rule is the amount determined by ASIC.

Note:   See subsections   901F(2) and 903E(2) of the Act for the maximum penalty payable.

  (2)   If an infringement notice is in relation to more than one alleged contravention of a rule, 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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