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
142 Subclause 29(7) of Schedule 4 (penalty)
Repeal the penalty, substitute:
Penalty:
(a) for an individual - 5 years imprisonment, 2,000 penalty units, or both; and
(b) for a body corporate - 20,000 penalty units.
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