Personal Liability for Corporate Fault Reform Act 2012 (180 of 2012)

Schedule 6   Other Acts amended

Corporations (Aboriginal and Torres Strait Islander) Act 2006

16   After subsection 386-10(1)

Insert:

Responsibilities of secretaries for certain corporate contraventions

(1A) Without limiting subsection (1),if a declaration of contravention by a person of subsection 265-40(1) has been made under section 386-1, a Court may order the person to pay the Commonwealth a pecuniary penalty of up to $3,000.