Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 (115 of 2021)

Schedule 1   Initial amendments

Part 1   Main amendments

Corporations Act 2001

88   Section 1317DAV

Repeal the section, substitute:

1317DAV Effect of this Part

This Part does not:

(a) require an infringement notice to be given to a person for an alleged contravention of:

(i) a provision subject to an infringement notice under this Part; or

(ii) a restricted civil penalty provision; or

(b) affect the liability of a person for an alleged contravention of a provision subject to an infringement notice under this Part, or a restricted civil penalty provision, if:

(i) the person does not comply with an infringement notice given to the person for the contravention; or

(ii) an infringement notice is not given to the person for the contravention; or

(iii) an infringement notice is given to the person for the contravention and is subsequently withdrawn; or

(c) prevent the giving of 2 or more infringement notices to a person for an alleged contravention of:

(i) a provision subject to an infringement notice under this Part; or

(ii) a restricted civil penalty provision; or

(d) limit a court's discretion to determine the amount of a penalty to be imposed on a person who is found to have contravened:

(i) a provision subject to an infringement notice under this Part; or

(ii) a restricted civil penalty provision.