Safeguard Mechanism (Crediting) Amendment Act 2023 (14 of 2023)

Schedule 1   Safeguard mechanism

Part 1   Amendment of the National Greenhouse and Energy Reporting Act 2007

National Greenhouse and Energy Reporting Act 2007

44   At the end of section 41

Add:

(2) The penalty to be specified in an infringement notice relating to a person's alleged contravention of section 22XF must be a pecuniary penalty equal to whichever is the lesser of the following amounts:

(a) one third of the maximum penalty that a Court could impose on the person for that contravention;

(b) 150,000 penalty units.

Note: To work out the maximum penalty mentioned in paragraph (a), see subsection 31(3).