Document ID: chunk:federal_register_of_legislation:C2004C01260:clause:1_5
Version: federal_register_of_legislation:C2004C01260
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 4266–5490

5  Subsection 25(1C)
Repeal the subsection, substitute:

 (1C) If the person or corporation:
 (a) is given an advice under subsection (1B) of a decision; and
 (b) carries out the proposal to which the decision relates; and
 (c) does or fails to do an act, resulting in a contravention of a condition set out in the advice;
the person or corporation is guilty of an offence punishable on conviction, by:
 (d) in the case of a natural person—a fine not exceeding 500 penalty units, or imprisonment for a period not exceeding 2 years, or both; or
 (e) in the case of a corporation—a fine not exceeding 2,500 penalty units.

 (1D) If the person or corporation:
 (a) is given advice under subsection (1B) of a decision; and
 (b) carries out the proposal to which the decision relates:
the Treasurer may only make an order under subsection 18(4), 19(4), 20(3), 21(3) or 21A(4) in relation to the acquisition, agreement, arrangement, issue or alteration specified in the notice if:
 (c) the person or corporation is convicted of an offence against subsection (1C) in relation to a condition; or
 (d) an order is made under section 19B of the Crimes Act 1914 in relation to the person or corporation in respect of such an offence.