Document ID: chunk:federal_register_of_legislation:C2025C00157:section:14
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 14
Character Range: 58290–59303

14  Breach of authorisation conditions
 (1) A general insurer commits an offence if:
 (a) the insurer does an act or fails to do an act; and
 (b) doing the act or failing to do the act results in a contravention of a condition of the insurer's authorisation under section 12; and
 (c) there is no determination in force under subsection 7(1) that this subsection does not apply to the insurer.
Penalty: 300 penalty units.
 (1A) If an individual:
 (a) commits an offence against subsection (1) because of Part 2.4 of the Criminal Code; or
 (b) commits an offence under Part 2.4 of the Criminal Code in relation to an offence against subsection (1);
he or she is punishable, on conviction, by a fine not exceeding 60 penalty units.
 (2) An offence against this section is an offence of strict liability.
Note 1: For strict liability, see section 6.1 of the Criminal Code.
Note 2: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

Division 3—Revocation of an authorisation