Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Regulations 2019 (F2019L00392)

Schedule 1   Amendments

Part 1   Amendment of the Corporations Regulations 2001

Corporations Regulations 2001

10   At the end of regulation 5D.2.08

Add:

Offence for involvement in contravention

(8) A person commits an offence if the person is involved in a contravention of subregulation (2), (3), (4), or (6) by a licensed trustee company.

Penalty:

(a) for an individual - 50 penalty units; and

(b) for a body corporate - 500 penalty units.