Corporations Amendment (Strengthening Protections for Employee Entitlements) Act 2019 (44 of 2019)
Schedule 1 Amendments
Part 1 Employee entitlements
Corporations Act 2001
18 Schedule 3 (table item 145)
Repeal the item, substitute:
|
145 |
Subsections 596AB(1), (1A), (1B) and (1C) |
In the case of an individual, imprisonment for 10 years or a fine of the greater of the following: (a) 4,500 penalty units; (b) if the court can determine the total value of the benefits that have been obtained by one or more persons and are reasonably attributable to the commission of the offence - 3 times that total value; or both. In the case of a body corporate, a fine of the greatest of the following: (a) 45,000 penalty units; (b) if the court can determine the total value of the benefits that have been obtained by one or more persons and are reasonably attributable to the commission of the offence - 3 times that total value; (c) 10% of the body corporate's annual turnover (as defined in section 761A) during the 12 month period ending at the end of the month in which the body corporate committed, or began committing, the offence. |
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