Document ID: chunk:federal_register_of_legislation:C2024C00844:section:15
Version: federal_register_of_legislation:C2024C00844
Segment Type: section
Provision Reference: s 15
Character Range: 283075–284633

15                  if no previous item applies—an action specified in regulations                                                                              regulations made for the purposes of section 44 (significant action)                    the greater of the following:
                                                                                                                                                                regulations made for the purposes of section 48 (notifiable action)                     (a) the value of the consideration for the action;
                                                                                                                                                                                                                                                        (b) the market value of the benefit obtained by the action.

 (4) In applying the table in subsection (3), disregard the effect of any exemption certificate.
 (5) If the action is covered by more than one item of the table in subsection (3), treat the value of the action worked out according to that table as being the greatest of the amounts worked out under those items.
 (6) For the purposes of this section:
 (a) if there is no consideration for a thing—treat the value of the consideration for the thing as nil; and
 (b) if the market value of a thing cannot be ascertained—treat the market value of the thing as nil.

Division 4—Miscellaneous

Subdivision A—Application of the Regulatory Powers Act—Civil penalty provisions