Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 2   Amendments relating to the Insolvency Practice Schedule (Corporations)

Part 2   Amendments consequential on the introduction of the Insolvency Practice Schedule (Corporations)

Corporations Act 2001

260   Schedule 3 (table item 123)

Repeal the item, substitute:

123

Subsection 438B(4)

(a) if the offence relates to a provision other than subsection 438B(2A) - 50 penalty units or imprisonment for 1 year, or both; or

(b) if the offence relates to subsection 438B(2A) - 5 penalty units.