Document ID: chunk:federal_register_of_legislation:C2005C00502:clause:1_49p
Version: federal_register_of_legislation:C2005C00502
Segment Type: clause
Provision Reference: sch 1 cl 49P
Character Range: 74390–75015

49P  Failure to comply with directions

 (1) A general insurer commits an offence if the insurer contravenes a direction given to it under section 49M or 49N.

Maximum penalty: 60 penalty units.

 (2) An offence against this section is an offence of strict liability.

Note 1: For strict liability, see section 6.1 of the Criminal Code.

Note 2: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

Note 3: If a body corporate is convicted of an offence against this section, subsection 4B(3) of the Crimes Act 1914 allows a court to impose a fine of up to 5 times the penalty above.