Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Act 2024 (136 of 2024)

Schedule 4   Industry codes

Part 1   Amount of penalties

Competition and Consumer Act 2010

1   Section 51ACF

Repeal the section, substitute:

51ACF Amount of penalty

(1) The penalty to be specified in an infringement notice to be issued to a person, for an alleged contravention of a civil penalty provision of an industry code, must be equal to the following:

(a) if subsection (2) applies to the industry code:

(i) if the person is a body corporate - 600 penalty units; or

(ii) otherwise - 12 penalty units;

(b) otherwise:

(i) if the person is a body corporate - 60 penalty units; or

(ii) otherwise - 12 penalty units.

Industry code relating to the industry of food and groceries

(2) This subsection applies to an industry code that:

(a) relates to the industry of food and groceries; and

(b) provides that this subsection applies to the code.