A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.5A - REGULATION OF DERIVATIVE TRANSACTIONS AND DERIVATIVE TRADE REPOSITORIES    View history reference

Division 2 - Regulation of derivative transactions: derivative transaction rules    View history reference

Subdivision B - Compliance with derivative transaction rules  

SECTION 901F  ALTERNATIVES TO CIVIL PROCEEDINGS  

 View history reference

901F(1)  

The regulations may provide for a person who is alleged to have contravened section 901E to do one or more of the following as an alternative to civil proceedings:


(a) pay a penalty to the Commonwealth;


(b) undertake or institute remedial measures (including education programs);


(c) accept sanctions other than the payment of a penalty to the Commonwealth;


(d) enter into a legally enforceable undertaking.

901F(2)  

The penalty payable under regulations made under paragraph (1)(a) in relation to a derivative transaction rule must not exceed one-fifth of the penalty amount specified for the rule in the derivative transaction rules.

901F(3)  

Without limiting regulations that may be made for the purpose of paragraph (1)(d), those regulations may provide for one or more of the following kinds of undertakings:


(a) an undertaking to take specified action within a specified period;


(b) an undertaking to refrain from taking specified action;


(c) an undertaking to pay a specified amount within a specified period to the Commonwealth or to some other specified person.


 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page