Document ID: chunk:federal_register_of_legislation:C2024A00121:section:103
Version: federal_register_of_legislation:C2024A00121
Segment Type: section
Provision Reference: s 103
Character Range: 128373–129342

103  Improper creation of REGO certificates
 (1) A person must not create a REGO certificate except in accordance with this Act.
 (2) A person is liable to a civil penalty if the person contravenes subsection (1).
 (3) Despite subsection 82(5) of the Regulatory Powers Act, the pecuniary penalty in relation to a contravention of subsection (1) of this section by an individual must not be more than the greater of:
 (a) 1 penalty unit for each REGO certificate to which the contravention relates, up to a maximum of 10,000 penalty units; and
 (b) 100 penalty units.
 (4) Despite subsection 82(5) of the Regulatory Powers Act, the pecuniary penalty in relation to a contravention of subsection (1) of this section by a body corporate must not be more than the greater of:
 (a) 5 penalty units for each REGO certificate to which the contravention relates, up to a maximum of 50,000 penalty units; and
 (b) 500 penalty units.

Subdivision D—Registration of certificates