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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1311

General penalty provisions

(1) A person who:

(a)
does an act or thing that the person is forbidden to do by or under a provision of this Act; or

(b)
does not do an act or thing that the person is required or directed to do by or under a provision of this Act; or

(c)
otherwise contravenes a provision of this Act;

is guilty of an offence by virtue of this subsection, unless that or another provision of this Act provides that the person:

(d)
is guilty of an offence; or

(e)
is not guilty of an offence.

(1A) Paragraphs (1)(a), (b) and (c) only apply to a provision in the following list if a penalty, pecuniary or otherwise, is set out in Schedule 3 for that provision, or for a provision or provisions in which that provision is included:

(a)
Chapters 2A, 2B and 2C;

(b)
Parts 2F.2 and 2F.3;

(c)
Chapters 2G, 2H, 2J, 2M (other than Part 2M.4), 2N and 5A;

(d)
Parts 5B.1 and 5B.3;

(e)
Chapter 10.

(2) Subject to section 1312, a person who is guilty of an offence against this Act, whether by virtue of subsection (1) or otherwise, is punishable, on conviction, by a penalty not exceeding the penalty applicable to the offence. (3) Where:

(a)
subsection (1) operates in relation to a provision of this Act so as to make a person guilty of an offence; or

(b)
a provision of this Act (other than this section) provides that a person is, in circumstances referred to in the provision, guilty of an offence;

and a penalty, pecuniary or otherwise, is set out in Schedule 3 for that provision, or for a provision or provisions in which that provision is included, the penalty applicable to the offence is the penalty so set out.

(4) Where a provision of this Act (other than this section) provides that the penalty applicable to a contravention of a particular provision of this Act is a specified penalty, pecuniary or otherwise, the penalty applicable to an offence constituted by a contravention of the particular provision is the specified penalty. (5) Except as provided in subsection (3) or (4) or in a provision of this Act (other than this section), the penalty applicable to the offence is a fine of 5 penalty units.



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