Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1317DAB

             (1)  The purpose of this Part is to provide for the issue of an infringement notice to a disclosing entity for an alleged contravention of subsection 674(2) or 675(2) as an alternative to proceedings for civil penalties under Part 9.4B.

             (2)  This Part does not:

                     (a)  require an infringement notice to be issued to the disclosing entity for the alleged contravention of subsection 674(2) or 675(2); or

                     (b)  affect the liability of the disclosing entity to civil or criminal proceedings in relation to the alleged contravention of subsection 674(2) or 675(2) if:

                              (i)  an infringement notice is not issued to the disclosing entity for the alleged contravention; or

                             (ii)  an infringement notice issued to the disclosing entity for the alleged contravention is withdrawn under section 1317DAI; or

                     (c)  prevent a Court from imposing a higher penalty than the penalty specified in the infringement notice if the disclosing entity does not comply with the infringement notice.