Document ID: chunk:federal_register_of_legislation:C2004A04501:schedule:3
Version: federal_register_of_legislation:C2004A04501
Segment Type: schedule
Provision Reference: sch 3
Character Range: 431629–434064

Schedule 3

  122. Schedule 3 to the Corporations Law is amended:

  (a) by omitting:

     "Section 436:

       Penalty: $1,000 or imprisonment for 3 months, or both.

     Section 437:

       Penalty: $1,000 or imprisonment for 3 months, or both.

     Section 457:

     Penalty: $1,000 or imprisonment for 3 months, or both."

     and substituting:

     "Subsection 437C(1):

       Penalty: $2,500 or imprisonment for 6 months, or both.

     Subsection 437D(5):

       Penalty: $2,500 or imprisonment for 6 months, or both.

     Subsection 438B(4):

       Penalty: $5,000 or imprisonment for 1 year, or both.

     Subsection 438C(5):

       Penalty: $5,000 or imprisonment for 1 year, or both.";

     Section 448B:

       Penalty: $2,500 or imprisonment for 6 months, or both.

     Section 448C:

       Penalty: $2,500 or imprisonment for 6 months, or both.

     Section 448D:

       Penalty: $2,500 or imprisonment for 6 months, or both.

     Section 450E:

       Penalty: $1,000.

     Section 471A:

       Penalty: $2,500 or imprisonment for 6 months, or both.";

  (b) by inserting before "Section 494:":

     "Subsection 486A(8):

       Penalty: $10,000 or imprisonment for 2 years, or both.";

   (c) by inserting before "Section 532:":

     "Subsection 530A(6):

       Penalty: $5,000 or imprisonment for 1 year, or both.

     Subsections 530B(3) and (6):

       Penalty: $5,000 or imprisonment for 1 year, or both.";

  (d) by omitting:

     "Section 597:

     Penalty: $10,000 or imprisonment for 2 years, or both." and substituting:

     "Subsection 596F(3):

       Penalty: $10,000 or imprisonment for 2 years, or both.

     Subsections 597(6), (7), (10A) and (13):

       Penalty: $10,000 or imprisonment for 2 years, or both.

     Subsection 597A(3):

       Penalty: $10,000 or imprisonment for 2 years, or both.".

Consequential amendments of the Corporations Law

  123. The Corporations Law is amended as set out in Schedule 1.

             Division 2—Consequential amendment of the Australian Securities Commission Act 19892

Interpretation

124. Section 5 of the Principal Act is amended by inserting after paragraph (b) of the definition of "officer" in subsection (1) the following paragraphs:

  "(ba) an administrator of the body;

      (bb) an administrator of a deed of company arrangement executed by the body;".

Division 3—Consequential amendments of other Acts