14AAmount of civil penalty for certain contraventions by bodies corporate

14A Amount of civil penalty for certain contraventions by bodies corporate

(1) This section has effect for the purposes of the following civil penalty provisions of this Code: (a) subsection 16(1); (b) section 17; (c) section 18; (d) subsection 19(1); (e) subsection 29(1); (f) section 30; (g) section 31; (h) subsections 42(1) and (2); (i) subsections 77(1), (2) and (3); (j) subsections 78(1) and (2). (2) The amount of the pecuniary penalty for a contravention of a civil penalty provision referred to in subsection (1) by a body corporate is the greatest of the following: (a) $10,000,000; (b) if the Court can determine the value of the benefit that the body corporate, and any body corporate related to the body corporate, has obtained directly or indirectly and that is reasonably attributable to the contravention—3 times the value of that benefit; (c) if the Court cannot determine the value of that benefit—10% of the adjusted turnover of the body corporate during the period of 12 months ending at the end of the month in which the contravention occurred.

Note: For when a body corporate is related to another body corporate, see section 4A of the Act.