CORPORATIONS REGULATIONS 2001 - REG 7.5A.104 When infringement notice can be given
CORPORATIONS REGULATIONS 2001 - REG 7.5A.104
When infringement notice can be given(1) If ASIC has reasonable grounds to believe that a person has contravened a rule, ASIC may give 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 a rule.
(3) If ASIC withdraws an infringement notice given to a person in relation to the alleged contravention of a rule, ASIC may give the person a new infringement notice in relation to the alleged contravention.
Example: An infringement notice given to a person in relation to an
alleged contravention of a rule may be withdrawn, and a new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.