Document ID: chunk:federal_register_of_legislation:C2004A04724:body:0:p33
Version: federal_register_of_legislation:C2004A04724
Segment Type: other
Provision Reference: 
Character Range: 81571–84986

and substituting "If a company is registered under the Life Insurance Act 1945 before the day on which this Act receives the Royal Assent, section 19A of the Life Insurance Act 1945 applies".

                         SCHEDULE Section 34

FURTHER AMENDMENTS OF THE INSURANCE (AGENTS AND
BROKERS) ACT 1984

1. Subsection 10(6):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 6 months.".

2. Subsection 11(5):

  Omit the penalty, substitute:

"Penalty: 150 penalty units.".

3. Subsection 13(5):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

4. Subsection 16(1):

  Omit the penalty, substitute:

"Penalty: 60 penalty units.".

5. Subsection 16(1 A):

  Omit the penalty, substitute:

"Penalty: 60 penalty units.".

6. Subsection 17(1):

  Omit the penalty, substitute:

"Penalty: 60 penalty units.".

7. Subsection 19(1):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

8. Subsection 20(3):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

9. Subsection 25(4):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

SCHEDULE—continued

10. Subsection 25A(1):

  Omit the penalty, substitute:

"Penalty: 30 penalty units.".

11. Subsection 25B(1):

  Omit the penalty, substitute:

"Penalty: 30 penalty units.".

12. Subsection 26(11):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

13. Subsection 27(12):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

14. Subsection 29(5):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 1 year.".

15. Subsection 30(3):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 6 months.".

16. Subsection 31(2):

  Omit the penalty, substitute:

"Penalty: 60 penalty units.".

17. Subsection 31B(1):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

18. Subsection 31C(4):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

19. Subsection 31H(4):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

SCHEDULE—continued

20. Subsection 31J(1):

  Omit the penalty, substitute:

"Penalty: 30 penalty units.".

21. Subsection 31K(1):

  Omit the penalty, substitute:

"Penalty: A fine not exceeding 30 penalty units.".

22. Subsection 32(7):

  Omit the penalty, substitute:

"Penalty: 60 penalty units.".

23. Subsection 33(6):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

24. Subsection 34(1):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

25. Subsection 35(3):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 1 year.".

26. Subsection 37(4):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 2 years.".

27. Subsection 38(5):

  Omit the penalty, substitute:

"Penalty: 60 penalty units.".

28. Subsection 39(3):

  Omit the penalty, substitute:

"Penalty: Imprisonment for 6 months.".

29. Section 40:

  Omit "knowingly", substitute "intentionally or recklessly".

SCHEDULE—continued

30. Section 40:

  Add at the end:

"(2) If a director of a company or an employee or agent of a corporation intentionally or recklessly permits or authorises a contravention by the company or corporation, the reference in subsection (1) to the penalty provided in respect of the contravention is a reference to:

     (a) the penalty that would apply to an individual