Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteThe regulations may provide for a person who is alleged to have contravened section 828C to do one or more of the following as an alternative to civil proceedings: (a) pay a penalty to the Commonwealth; (b) undertake or institute remedial measures (including education programs); (c) accept sanctions other than the payment of a penalty to the Commonwealth; (d) enter into a legally enforceable undertaking.
828E(2)
The penalty payable under regulations made under paragraph (1)(a) in relation to an alleged contravention of a CS services rule must not exceed: (a) for an individual - 3,000 penalty units; and (b) for a body corporate - 15,000 penalty units.
828E(3)
Without limiting regulations that may be made for the purpose of paragraph (1)(d) , those regulations may provide for one or more of the following kinds of undertakings: (a) an undertaking to take specified action within a specified period; (b) an undertaking to refrain from taking specified action; (c) an undertaking to pay a specified amount within a specified period to the Commonwealth or to some other specified person.
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