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

4   Paragraph 51AE(2A)(c)

Repeal the paragraph, substitute:

(c) if the code does not prescribe a pecuniary penalty mentioned in paragraph (a) or (b) for a contravention of a civil penalty provision of the code by a person - prescribe the following for the contravention:

(i) in the case of an industry code that relates to the industry of franchising - a pecuniary penalty not exceeding 600 penalty units;

(ii) in the case of an industry code that relates to the industry of food and groceries - a pecuniary penalty not exceeding 3,200 penalty units if the person is a body corporate and 640 penalty units if the person is not a body corporate.