Cash Distribution Framework Act 2026
25Agreements must be in writing
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25 Agreements must be in writing
(1) A designated entity is liable to a civil penalty if:
(a) the entity enters into a service agreement or access agreement for which it is the provider; and
(b) the agreement is not in writing.
Note: An individual may be liable for an ancillary contravention of this civil penalty provision (see section 92 of the Regulatory Powers Act).
Civil penalty:
(a) for a body corporate—5,000 penalty units; and
(b) for an individual—1,000 penalty units.
(2) A designated entity is liable to a civil penalty if:
(a) the entity enters into an agreement to vary a service agreement or access agreement for which it is the provider; and
(b) the agreement to vary is not in writing.
Note: An individual may be liable for an ancillary contravention of this civil penalty provision (see section 92 of the Regulatory Powers Act).
Civil penalty:
(a) for a body corporate—5,000 penalty units; and
(b) for an individual—1,000 penalty units.