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.