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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12GBCM Continuing contraventions of civil penalty provisions

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12GBCM

Continuing contraventions of civil penalty provisions

  (1)   If an act or thing is required under a civil penalty provision to be done:

  (a)   within a particular period; or

  (b)   before a particular time;

then the obligation to do that act or thing continues until the act or thing is done (even if the period has expired or the time has passed).

  (2)   A person who contravenes a civil penalty provision that requires an act or thing to be done:

  (a)   within a particular period; or

  (b)   before a particular time;

commits a separate contravention of that provision in respect of each day during which the contravention occurs (including the day the relevant pecuniary penalty order is made or any later day).