CORPORATIONS REGULATIONS 2001 - REG 7.2A.04 When infringement notice can be given
CORPORATIONS REGULATIONS 2001 - REG 7.2A.04
When infringement notice can be given(1) If ASIC has reasonable grounds to believe that a person has contravened subsection 798H(1) of the Act, ASIC may give to the person an infringement notice in relation to the alleged contravention.
(2) ASIC may give a person an infringement notice that is in relation to more than one alleged contravention of subsection 798H(1) of the Act.
(3) If ASIC withdraws an infringement notice given to a person in relation to the alleged contravention of subsection 798H(1) of the Act, ASIC may give the person a new infringement notice in relation to the alleged contravention.
Example for subregulation (3): An infringement notice given to a
person in relation to an alleged contravention of subsection 798H(1) of
the Act may be withdrawn, and a new infringement notice given to the person in
relation to that alleged contravention, if the original infringement notice
contained an error.