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
71 Subsection 908CG(2)
Repeal the subsection, substitute:
(2) The penalty payable under regulations made under paragraph (1)(a) in relation to an alleged contravention of a provision of the financial benchmark rules or the compelled financial benchmark rules must not exceed:
(a) for an individual - 1,110 penalty units; and
(b) for a body corporate - 5,550 penalty units.
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