Document ID: chunk:federal_register_of_legislation:C2004C01110:clause:4_16e:p2
Version: federal_register_of_legislation:C2004C01110
Segment Type: clause
Provision Reference: sch 4 cl 16E (pt 2/2)
Character Range: 151927–153035

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.

 (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 is guilty of 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