Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019 (17 of 2019)

Schedule 1 Amendment of the Corporations Act 2001

Insert:

annual turnover , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.

benefit derived and detriment avoided :

(a) because of an offence - has the meaning given by section 1311D; and

(b) because of a contravention of a civil penalty provision - has the meaning given by section 1317GAD.