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

Schedule 1   Amendment of the Corporations Act 2001

Part 1   Amendments

Corporations Act 2001

1   Section 9

Insert:

annual turnover , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.

benefit derived and detriment avoided :

(a) because of an offence - has the meaning given by section 1311D; and

(b) because of a contravention of a civil penalty provision - has the meaning given by section 1317GAD.


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