Financial Accountability Regime Act 2023
80Civil penalty provision for non‑compliance with obligations
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80 Civil penalty provision for non‑compliance with obligations
(1) A person contravenes this subsection if: (a) the person is an accountable entity; and (b) the person is subject to an obligation under Chapter 2; and (c) the person fails to comply with the obligation.
Note: It is generally not necessary to prove a person’s state of mind in proceedings for a contravention of a civil penalty provision (see section 94 of the Regulatory Powers Act, which applies because of section 82 of this Act).
(2) A person is liable to a civil penalty if the person contravenes subsection (1).