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Section 12GBCB - Australian Securities and Investments Commission Act 2001 - Civil enforcement of pecuniary penalty order | Zoe

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Australian Securities and Investments Commission Act 2001

12GBCBCivil enforcement of pecuniary penalty order

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12GBCB Civil enforcement of pecuniary penalty order

(1) A pecuniary penalty is a debt payable to the Commonwealth. (2) The Commonwealth may enforce a pecuniary penalty order as if it were an order made in civil proceedings against the person to recover a debt due by the person. The debt arising from the order is taken to be a judgment debt.

Previous section12GBCAPecuniary penalty applicable

Next section12GBCCRelinquishing the benefit derived from engaging in conduct resulting in a pecuniary penalty order