Document ID: chunk:federal_register_of_legislation:C2024C00688:section:64:p2
Version: federal_register_of_legislation:C2024C00688
Segment Type: section
Provision Reference: s 64 (pt 2/2)
Character Range: 81538–82750

Powers Act, the pecuniary penalty an entity is ordered to pay under section 82 of that Act for a contravention of section 7 of this Act must not be more than the amount worked out using the formula in subsection (1) of this section (whether or not the entity is a body corporate).
 (4) Despite paragraph 82(5)(a) of the Regulatory Powers Act, the pecuniary penalty an Australian controlling corporation is ordered to pay under section 82 of that Act for a contravention of subsection 8(1) of this Act must not be more than the amount worked out using the formula in subsection (2) of this section.

Relevant matter in determining pecuniary penalty
 (5) For the purposes of subsection 82(6) of the Regulatory Powers Act, the matter mentioned in subsection (6) of this section is a relevant matter that a court must take into account in determining the pecuniary penalty that an entity must pay for contravening the civil penalty provision in section 7, or subsection 8(1), of this Act.
 (6) The matter is the difference between:
 (a) the quantity of stocks of the MSO product held by the entity on the obligation day; and
 (b) the quantity of stocks of the product designated for the entity on the obligation day.