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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