Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019 (17 of 2019)
Schedule 2 Amendment of the Australian Securities and Investments Commission Act 2001
Part 1 Amendments
Australian Securities and Investments Commission Act 2001
1 Subsection 5(1)
Insert:
benefit derived and detriment avoided :
(a) because of an offence - has the meaning given by section 93F; and
(b) because of the contravention of a civil penalty provision - has the meaning given by section 12GBCE.