Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p100
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 100/148)
Character Range: 582098–584959

and
 (iv) specify the sanctions (if any) that the recipient must accept; and
 (v) specify the terms of an undertaking (if any) that the recipient must enter into under regulation 7.2A.01; and
 (h) must state that the recipient may choose not to comply with the infringement notice, but that if the recipient does not comply, civil proceedings may be brought against the recipient in relation to the alleged contravention; and
 (i) must explain what the recipient must do to comply with the infringement notice and the effect of compliance with the infringement notice; and
 (j) must state that the recipient may apply to ASIC:
 (i) for withdrawal of the notice under regulation 7.2A.11; and
 (ii) for an extension of time under regulation 7.2A.09; and
 (k) must state that ASIC may publish details of the infringement notice under regulation 7.2A.15; and
 (l) may include any other information that ASIC considers necessary.
Note: For sub‑subparagraph (g)(ii)(A), the total penalty is the sum of the penalties payable under subparagraph (g)(i).

7.2A.07  Amount of penalty payable to the Commonwealth
 (1) The penalty payable (if any) for an alleged contravention of subsection 798H(1) of the Act is the amount determined by ASIC.
Note: See subsection 798K(2) of the Act for the maximum penalty payable.
 (2) If an infringement notice is in relation to more than one alleged contravention of subsection 798H(1) of the Act, the total penalty payable under the infringement notice is the sum of the penalties payable (if any) for the alleged contraventions.

7.2A.08  Compliance with infringement notice
 (1) A recipient complies with an infringement notice if, during the compliance period, the recipient does all of the following:
 (a) pays the penalty specified in the infringement notice under sub‑subparagraph 7.2A.06(g)(ii)(A) (if any);
 (b) undertakes or institutes the remedial measures specified in the infringement notice under subparagraph 7.2A.06(g)(iii) (if any);
 (c) accepts the sanctions specified in the infringement notice under subparagraph 7.2A.06(g)(iv) (if any);
 (d) enters into an undertaking (including an undertaking to comply with the infringement notice) with the terms specified in the infringement notice under subparagraph 7.2A.06(g)(v) (if any).
 (2) The compliance period for an infringement notice:
 (a) starts on the day on which the infringement notice is given to the recipient; and
 (b) ends:
 (i) 27 days after the day on which the infringement notice is given to the recipient; or
 (ii) on another day permitted by this regulation.
 (3) If the recipient applies for a further period of time in which to comply with the infringement notice, and the application is granted, the compliance period ends at the end of the further period allowed.
 (4) If the recipient applies for a further period of time in which to comply with