154Offences under applied provisions

154 Offences under applied provisions (1) A provision of the Corporations Act as applied under this Division that is specified in Column 2 of Schedule 2 is subject to any modifications specified opposite in Column 3. (2) A contravention of a provision of the Corporations Act specified in Column 2 of Schedule 3, is taken to be an offence against this Act and subject to the penalty specified opposite in Column 3. (3) To avoid doubt— (a) section 1311 of, and Schedule 3 to, the Corporations Act do not apply to a provision referred to in subsection (2); and (b) the penalty referred to in subsection (2) applies despite section 20(2)(a) of the **Corporations (Ancillary Provisions) Act 2001**.