Document ID: chunk:federal_register_of_legislation:C2025C00133:section:15
Version: federal_register_of_legislation:C2025C00133
Segment Type: section
Provision Reference: s 15
Character Range: 58266–58902

15  Civil penalty provision for failure to report
 (1) A reporting entity is liable to a civil penalty if:
 (a) the entity is required to give the Regulator a payment times report in accordance with this Division; and
 (b) the entity fails to comply with the requirement; and
 (c) the entity is a not a volunteering entity.
Civil penalty: 60 penalty units.
 (2) A reporting nominee is liable to a civil penalty if:
 (a) the reporting nominee is required to give the Regulator a payment times report in accordance with this Division; and
 (b) the reporting nominee fails to comply with the requirement.
Civil penalty: 60 penalty units.