Document ID: chunk:federal_register_of_legislation:C2025C00135:section:16e:p2
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 16E (pt 2/2)
Character Range: 57716–59200

commits an offence if:
 (a) it has been given a consent under this section; and
 (b) it contravenes a condition to which the consent is subject.
Penalty: 50 penalty units.
Note: If a body corporate is convicted of an offence against this subsection, subsection 4B(3) of the Crimes Act 1914 allows a court to impose a fine of up to 5 times the penalty stated above.
 (7A) Subsection (7) is an offence of strict liability.
Note 1: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
Note 2: For strict liability, see section 6.1 of the Criminal Code.
 (8) If a body corporate does or fails to do an act in circumstances that give rise to the body corporate committing an offence against subsection (7), the body corporate commits an offence against that subsection in respect of:
 (a) the first day on which the offence is committed; and
 (b) each subsequent day (if any) on which the circumstances that gave rise to the body corporate committing the offence continue (including the day of conviction for any such offence or any later day).
Note: This subsection is not intended to imply that section 4K of the Crimes Act 1914 does not apply to offences against this Act or the regulations.
 (9) In this section:
financial business means a business that:
 (a) consists of, or includes, the provision of financial services; or
 (b) relates, in whole or in part, to the provision of financial services.

Division 3—Modified operation of key concepts