Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019 (17 of 2019)

Schedule 1 Amendment of the Corporations Act 2001

Repeal the subsection (including the note), substitute:

(2) A person against whom a banning order is made must not engage in conduct in breach of the banning order.

Fault-based offence

(3) A person commits an offence if the person contravenes subsection (2).

Civil liability

(4) A person contravenes this subsection if the person contravenes subsection (2).

Note: This subsection is a civil penalty provision (see section 1317E).