CORPORATIONS ACT 2001 - SECT 1317GAD Meaning of benefit derived and detriment avoided --civil penalty provision
CORPORATIONS ACT 2001 - SECT 1317GAD
Meaning of benefit derived and detriment avoided --civil penalty provisionThe benefit derived and detriment avoided because of a contravention of a civil penalty provision is the sum of:
(a) the total value of all benefits obtained by one or more persons that are reasonably attributable to the contravention; and
(b) the total value of all detriments avoided by one or more
persons that are reasonably attributable to the contravention.