Document ID: chunk:federal_register_of_legislation:C2024A00128:clause:1_57
Version: federal_register_of_legislation:C2024A00128
Segment Type: clause
Provision Reference: sch 1 cl 57
Character Range: 45707–47207

57  Subsection 80UB(1)
Repeal the subsection, substitute:

Provisions subject to an infringement notice
 (1) The following provisions are subject to an infringement notice under Part 5 of the Regulatory Powers Act:
 (a) subsections 13K(1) and (2) (civil penalty provision for which infringement notices or compliance notices can be issued);
 (b) subsection 66(1) (failure to give information);
 (c) subsection 80UC(4) (failure to comply with a compliance notice).
Note: Part 5 of the Regulatory Powers Act creates a framework for using infringement notices in relation to provisions.

Amount to be stated in an infringement notice for listed companies—section 13K
 (1A) Despite subsection 104(2) of the Regulatory Powers Act, if an infringement notice relates to only one alleged contravention of subsection 13K(1) or (2), or 80UC(4), by a listed corporation (within the meaning of the Corporations Act 2001), the amount to be stated in the notice for the purposes of paragraph 104(1)(f) of the Regulatory Powers Act is 200 penalty units.
 (1B) Despite subsection 104(3) of the Regulatory Powers Act, if an infringement notice relates to more than one alleged contravention of subsection 13K(1) or (2), or 80UC(4), by a listed corporation (within the meaning of the Corporations Act 2001), the amount to be stated in the notice for the purposes of paragraph 104(1)(f) of the Regulatory Powers Act is the number of penalty units worked out by multiplying the number of alleged contraventions by 200.