Document ID: chunk:federal_register_of_legislation:C2023A00111:clause:3_101k
Version: federal_register_of_legislation:C2023A00111
Segment Type: clause
Provision Reference: sch 3 cl 101K
Character Range: 107493–108243

101K  Penalty level for contraventions of civil penalty provisions by bodies corporate
  The penalty applicable to a contravention of section 101H by a body corporate is whichever of the following amounts is highest:
 (a) 20,000 penalty units;
 (b) if the court can determine the benefit derived and detriment avoided because of the contravention—that amount multiplied by 3;
 (c) 10% of the annual turnover of the body corporate (within the meaning of subsection 1317G(4) of the Corporations Act 2001) for the 12‑month period ending at the end of the month in which the body corporate contravened, or began contravening, the section concerned, up to a maximum amount equal to 2.5 million penalty units.

Division 6—Orders to redress loss or damage