45Requirement to notify Commission

45 Requirement to notify Commission

(1) If a corporation: (a) is a large retailer, or a large wholesaler, for a financial year; but (b) was not for the previous financial year; the corporation must notify the Commission, in writing and within 5 business days after the day applying under subsection (3), that the corporation is a large grocery business.

Civil penalty:

(a) for a contravention by a body corporate—3,200 penalty units; or
(b) for a contravention by a person who is not a body corporate—640 penalty units.

(2) If a corporation: (a) is not a large retailer, or a large wholesaler, for a financial year; but (b) was for the previous financial year; the corporation must notify the Commission, in writing and within 5 business days after the day applying under subsection (3), that the corporation is no longer a large grocery business.

Civil penalty:

(a) for a contravention by a body corporate—3,200 penalty units; or
(b) for a contravention by a person who is not a body corporate—640 penalty units.

(3) The day applying to the corporation under this subsection is the latest day that the corporation, or any related body corporate of the corporation, is required to lodge a report for the previous financial year under section 319 of the Corporations Act 2001.