Corporate Law Economic Reform Program Act 1999 (156 of 1999)

Schedule 5   Consequential amendment of other Acts

Commonwealth Authorities and Companies Act 1997

10   At the end of section 6

Add:

(4) A maximum penalty that is specified:

(a) at the foot of a clause of a Schedule to this Act (other than a clause that is divided into subclauses); or

(b) at the foot of a subclause of a Schedule to this Act;

indicates that a person who contravenes the clause or subclause is guilty of an offence against the clause or subclause that is punishable, on conviction, by a penalty up to that maximum.

Note 1: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

Note 2: If the specified penalty is imprisonment only, section 4B of the Crimes Act 1914 allows the court to impose a fine instead of imprisonment or in addition to imprisonment.