98FCivil penalty amounts for penalty provision based on value

#### 98F Civil penalty amounts for penalty provision based on value (1) For the purpose of working out the maximum penalty for a contravention of a civil penalty provision, the amount under this section for an action is 75% of the amount determined under subsection (3) for the action. (2) For the purposes of subsection (1), if the relevant civil penalty provision is subsection 98B(1), treat the amount determined under subsection (3) of this section for the action as being the sum of the amounts, determined under subsection (3) of this section, for each of the core Part 3 actions mentioned in subparagraph 98B(1)(b)(ii). (3) For the purposes of subsection (1), the amount for the action is: (a) the value for the action worked out under the following table; or (b) if no item of the table applies to the action: (i) where the action is an acquisition—the value of the consideration for the acquisition; or (ii) otherwise—the market value of the benefit obtained by the action. ```html <table cellspacing="0" cellpadding="0" style="margin-left:0.25pt; border-collapse:collapse"><thead><tr><td colspan="5" style="width:343.7pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Amount for actions</span></p></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Item</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>For this kind of action …</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>that is mentioned in any of these provisions …</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>the amount is</span><span style="font-style:italic"> </span><span>…</span></p></td><td style="border-top:0.75pt solid #000000; vertical-align:top"></td></tr></thead><tbody><tr><td style="width:24.9pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:59.6pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of a direct interest in an entity or a business</span></p></td><td style="width:113.2pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>40(2)(a) (significant action)</span></p><p class="Tabletext"><span>paragraph</span><span> </span><span>47(2)(a) (notifiable action)</span></p><p class="Tabletext"><span>paragraph</span><span> </span><span>55B(1)(b) or (c) (notifiable national security action)</span></p></td><td style="width:113.25pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the market value of the direct interest.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of an interest of any percentage in an entity or a business</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>55D(1)(a) or subparagraph</span><span> </span><span>55E(1)(a)(i) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the market value of the interest.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>3</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of a substantial interest in an Australian entity</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>47(2)(b) (notifiable action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the market value of the substantial interest.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>4</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of interests in securities in an entity</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>40(2)(b) (significant action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the market value of the interests.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>5</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an issue of securities in an entity</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>40(2)(c) (significant action)</span></p><p class="Tabletext"><span>subparagraph</span><span> </span><span>55D(2)(a)(i) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the issue;</span></p><p class="Tablea"><span>(b) the market value of the securities.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>6</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>entering into an agreement</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>40(2)(d) (significant action)</span></p><p class="Tabletext"><span>subparagraph</span><span> </span><span>55D(2)(a)(ii) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the entering into the agreement;</span></p><p class="Tablea"><span>(b) the market value of the benefit obtained by the entering into the agreement.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>7</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an alteration of a constituent document of an entity</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>40(2)(e) (significant action)</span></p><p class="Tabletext"><span>subparagraph</span><span> </span><span>55D(2)(a)(iii) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the alteration;</span></p><p class="Tablea"><span>(b) the market value of the benefit obtained by the alteration.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>8</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of a direct interest in an Australian business that is an agribusiness</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>41(2)(a) (significant action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the market value of the direct interest.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>9</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of interests in assets</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>41(2)(b) (significant action)</span></p><p class="Tabletext"><span>subparagraph</span><span> </span><span>55E(1)(a)(ii) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the market value of the interests.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>10</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>entering into or terminating a significant agreement with an Australian business</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>41(2)(c) (significant action)</span></p><p class="Tabletext"><span>subparagraph</span><span> </span><span>55E(1)(a)(iii) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the entering into or terminating of the significant agreement;</span></p><p class="Tablea"><span>(b) the market value of the benefit obtained by the entering into or terminating of the significant agreement.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>11</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of an interest in Australian land</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>section</span><span> </span><span>43 (significant action)</span></p><p class="Tabletext"><span>paragraph</span><span> </span><span>47(2)(c) (notifiable action)</span></p><p class="Tabletext"><span>paragraph</span><span> </span><span>55B(1)(d) (notifiable national security action)</span></p><p class="Tabletext"><span>section</span><span> </span><span>55F (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the market value of the interest.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>12</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>starting a business</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>55B(1)(a) (notifiable national security action)</span></p><p class="Tabletext"><span>paragraph</span><span> </span><span>55E(2)(a) (reviewable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the market value of the business.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>13</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>an acquisition of a legal or equitable interest in an exploration tenement in respect of Australian land</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>55B(1)(e) (notifiable national security action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the acquisition;</span></p><p class="Tablea"><span>(b) the market value of the interest.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>14</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>if no previous item applies—an action specified in regulations that specify, or set out a method for determining, an amount for the action</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>regulations made for the purposes of section</span><span> </span><span>44 (significant action)</span></p><p class="Tabletext"><span>regulations made for the purposes of section</span><span> </span><span>48 (notifiable action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>that amount.</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>15</span></p></td><td style="width:59.6pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>if no previous item applies—an action specified in regulations</span></p></td><td style="width:113.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>regulations made for the purposes of section</span><span> </span><span>44 (significant action)</span></p><p class="Tabletext"><span>regulations made for the purposes of section</span><span> </span><span>48 (notifiable action)</span></p></td><td style="width:113.25pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the greater of the following:</span></p><p class="Tablea"><span>(a) the value of the consideration for the action;</span></p><p class="Tablea"><span>(b) the market value of the benefit obtained by the action.</span></p></td><td style="vertical-align:top"></td></tr><tr style="height:0pt"><td style="width:35.7pt"></td><td style="width:70.4pt"></td><td style="width:124pt"></td><td style="width:124.05pt"></td><td style="width:0.35pt"></td></tr></tbody></table> ``` (4) In applying the table in subsection (3), disregard the effect of any exemption certificate. (5) If the action is covered by more than one item of the table in subsection (3), treat the value of the action worked out according to that table as being the greatest of the amounts worked out under those items. (6) For the purposes of this section: (a) if there is no consideration for a thing—treat the value of the consideration for the thing as nil; and (b) if the market value of a thing cannot be ascertained—treat the market value of the thing as nil.