CORPORATIONS REGULATIONS 2001 - REG 7.2A.07 Amount of penalty payable to the Commonwealth

CORPORATIONS REGULATIONS 2001 - REG 7.2A.07

  (1)   The penalty payable (if any) for an alleged contravention of subsection   798H(1) of the Act is the amount determined by ASIC .

Note:   See subsection   798K(2) of the Act for the maximum penalty payable.

  (2)   If an infringement notice is in relation to more than one alleged contravention of subsection   798H(1) of the Act, the total penalty payable under the infringement notice is the sum of the penalties payable (if any) for the alleged contraventions.