54TNotice penalties

54T Notice penalties (1) The notice penalty for a contravention of a civil penalty requirement by a regulated entity (other than an energy licensee) is— (a) in the case of a natural person— (i) an amount equal to 20 penalty units; or (ii) if there is another, lesser amount provided for the contravention of that civil penalty requirement in accordance with section 54U, that other amount; or (b) in the case of a body corporate— (i) an amount equal to 120 penalty units; or (ii) if there is another, lesser amount provided for the contravention of that civil penalty requirement in accordance with section 54U, that other amount. (2) The notice penalty for a contravention of a civil penalty requirement by an energy licensee is— (a) an amount equal to 200 penalty units; or (b) if there is another amount provided for the contravention of that civil penalty requirement in accordance with section 54U, that other amount. (3) For the purposes of subsection (2)(b), the other amount may be less than an amount equal to 200 penalty units but must not exceed an amount equal to 1500 penalty units. S. 54U substituted by No. 41/2021 s. 9.