Document ID: chunk:federal_register_of_legislation:C2023A00009:clause:1_272a
Version: federal_register_of_legislation:C2023A00009
Segment Type: clause
Provision Reference: sch 1 cl 272A
Character Range: 11294–12214

272A  No insurance or other indemnity against penalties
 (1) A person must not, without reasonable excuse:
 (a) enter into a contract of insurance or other arrangement under which the person, or another person, is purportedly covered for all or part of a liability for a monetary penalty under this Act; or
 (b) provide insurance or a grant of indemnity for all or part of a liability for a monetary penalty under this Act; or
 (c) take the benefit of a contract of insurance, arrangement or grant of indemnity mentioned in paragraph (a) or (b).
Penalty:
 (a) In the case of an individual—$50 000.
 (b) In the case of a body corporate—$250 000.
 (2) Subsection (1) places an evidential burden on the accused to show a reasonable excuse.
 (3) A term of a contract of insurance or other arrangement is void to the extent it purports to cover a person for all or part of a liability for a monetary penalty under this Act.