Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p17
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 17/43)
Character Range: 744177–746974

an infringement notice is in relation to more than one alleged contravention of a rule, the total penalty payable under the infringement notice is the sum of the penalties payable (if any) for the alleged contraventions.

7.5A.108  Compliance with infringement notice
 (1) A recipient complies with an infringement notice if, during the compliance period, the recipient does all of the following:
 (a) pays the penalty specified in the infringement notice under sub‑subparagraph 7.5A.106(g)(ii)(A) (if any);
 (b) undertakes or institutes the remedial measures specified in the infringement notice under subparagraph 7.5A.106(g)(iii) (if any);
 (c) accepts the sanctions specified in the infringement notice under subparagraph 7.5A.106(g)(iv) (if any);
 (d) enters into an undertaking (including an undertaking to comply with the infringement notice) with the terms specified in the infringement notice under subparagraph 7.5A.106(g)(v) (if any).
 (2) The compliance period for an infringement notice:
 (a) starts on the day on which the infringement notice is given to the recipient; and
 (b) ends:
 (i) 27 days after the day on which the infringement notice is given to the recipient; or
 (ii) on another day permitted by this regulation.
 (3) If the recipient applies for a further period of time in which to comply with the infringement notice, and the application is granted, the compliance period ends at the end of the further period allowed.
 (4) If the recipient applies for a further period of time in which to comply with the infringement notice, and the application is refused, the compliance period ends on the later of:
 (a) 28 days after the day on which the infringement notice was given to the recipient; and
 (b) 7 days after the notice of refusal is given to the recipient.
 (5) If the recipient applies for the infringement notice to be withdrawn, and the application is refused, the compliance period ends 28 days after the notice of refusal is given to the recipient.

7.5A.109  Extension of compliance period
 (1) During the compliance period, a recipient may apply, in writing, to ASIC for a further period of no more than 28 days in which to comply with the infringement notice.
 (2) The application must:
 (a) specify the infringement notice's unique code; and
 (b) set out the reasons for the application.
 (3) Within 14 days after receiving the application, ASIC must:
 (a) grant or refuse a further period no longer than the period sought (and no more than 28 days); and
 (b) notify the recipient in writing of the decision and, if the decision is a refusal, the reasons for the decision.
 (4) If ASIC refuses a further period under paragraph (3)(a), the recipient may not make a further application under subregulation (1) in relation to that infringement notice.
 (5)