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

Schedule 1   Amendment of the Corporations Act 2001

Part 1   Amendments

Corporations Act 2001

142   Subclause 29(7) of Schedule 4 (penalty)

Repeal the penalty, substitute:

Penalty:

(a) for an individual - 5 years imprisonment, 2,000 penalty units, or both; and

(b) for a body corporate - 20,000 penalty units.