Document ID: chunk:federal_register_of_legislation:C2012A00204:clause:1_66b
Version: federal_register_of_legislation:C2012A00204
Segment Type: clause
Provision Reference: sch 1 cl 66B
Character Range: 16534–17271

66B  Simplified outline
  The following is a simplified outline of this Part:

         • If a person is convicted of an offence relating to fraudulent conduct, and the issue of Australian‑issued international units is attributable to the commission of the offence, a court may order the person to relinquish a specified number of Australian‑issued international units.
         • If a person is the registered holder of one or more Australian‑issued international units, the person may, by electronic notice transmitted to the Regulator, relinquish any or all of those units.
         • An administrative penalty is payable for non‑compliance with a relinquishment requirement under this Act.

Division 2—Court‑ordered relinquishment