Document ID: chunk:federal_register_of_legislation:C2025C00179:section:118
Version: federal_register_of_legislation:C2025C00179
Segment Type: section
Provision Reference: s 118
Character Range: 163220–163774

118  Contravention of requirement to provide financial security
 (1) A person contravenes this subsection if:
 (a) subsection 117(1) requires the person to provide the Commonwealth with financial security in accordance with section 117; and
 (b) the person does not comply with the requirement.

Fault‑based offence
 (2) A person commits an offence if the person contravenes subsection (1).
Penalty: 300 penalty units.

Civil penalty
 (3) A person is liable to a civil penalty if the person contravenes subsection (1).
Civil penalty: 480 penalty units.