Document ID: chunk:federal_register_of_legislation:C2025C00185:section:908cg
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 908CG
Character Range: 3615802–3616531

908CG  Alternatives to civil proceedings
 (1) The regulations may provide for a person who is alleged to have contravened subsection 908CF(1) to do one or more of the following as an alternative to civil proceedings:
 (a) pay a penalty to the Commonwealth;
 (b) undertake or institute remedial measures (including education programs);
 (c) accept sanctions other than the payment of a penalty to the Commonwealth.
 (2) The penalty payable under regulations made under paragraph (1)(a) in relation to an alleged contravention of a provision of the financial benchmark rules or the compelled financial benchmark rules must not exceed:
 (a) for an individual—1,110 penalty units; and
 (b) for a body corporate—5,550 penalty units.