Corporations Legislation Amendment (Derivative Transactions) Act 2012 (178 of 2012)

Schedule 1   Amendments

Part 1   Amendment of the Corporations Act 2001

Corporations Act 2001

39   After subsection 1317G(1D)

Insert:

Derivative transaction rules and derivative trade repository rules

(1DA) A Court may order a person to pay the Commonwealth a pecuniary penalty if:

(a) a declaration of contravention by the person has been made under section 1317E; and

(b) the contravention is of:

(i) section 901E (complying with derivative transaction rules); or

(ii) section 903D (complying with derivative trade repository rules).

(1DB) The maximum amount that the court may order the person to pay for contravening a derivative transaction rule, or a derivative trade repository rule, is the penalty amount specified in those rules for the rule that has been contravened.