272A—Insurance or other indemnity against penalties
(1) A person must not,
without reasonable excuse—
(a)
enter into a contract of insurance or other arrangement that purports to
insure or indemnify a person for a liability for all or part of a monetary
penalty under this Act; or
(b)
provide a contract of insurance or an indemnity for a liability for all or
part of a monetary penalty under this Act; or
(c) take
the benefit of a contract of insurance or other arrangement, or an indemnity,
that purports to insure or indemnify a person for a liability for all or part
of a monetary penalty under this Act.
Maximum penalty: $50 000.
(2)
Subsection (1) places an evidential burden on the accused to show a
reasonable excuse.
(3) A term of a
contract of insurance or other arrangement, or an indemnity, is void to the
extent it purports to insure or indemnify a person for a liability for all or
part of a monetary penalty under this Act.