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

61   Subsection 901F(2)

Repeal the subsection, substitute:

(2) The penalty payable under regulations made under paragraph (1)(a) in relation to an alleged contravention of a derivative transaction rule must not exceed:

(a) for an individual - 200 penalty units; and

(b) for a body corporate - 1,000 penalty units.