sec.270ZLRegulator may impose civil penalty

sec.270ZL Regulator may impose civil penalty

The regulator may, for the State, impose a civil penalty on the distributor of no more than the monetary value of 1333 penalty units. However, the power under subsection (1) may be exercised only if— the regulator has given the distributor a notice stating each of the following— that the regulator proposes to impose the penalty; the grounds for imposing the proposed penalty; the facts and circumstances that are the basis for the grounds; that the distributor may, within a stated period of at least 20 business days, make written submissions to show why the penalty should not be imposed; and See also chapter 6 , part 3 , division 3 (Provisions for civil penalty proceedings). the regulator has considered any written submissions made under paragraph (a) (iv) within the period stated in the notice. s 270ZL ins 2006 No. 60 s 146 amd 2014 No. 48 s 162 (sec.270ZL-ssec.1) The regulator may, for the State, impose a civil penalty on the distributor of no more than the monetary value of 1333 penalty units. (sec.270ZL-ssec.2) However, the power under subsection (1) may be exercised only if— the regulator has given the distributor a notice stating each of the following— that the regulator proposes to impose the penalty; the grounds for imposing the proposed penalty; the facts and circumstances that are the basis for the grounds; that the distributor may, within a stated period of at least 20 business days, make written submissions to show why the penalty should not be imposed; and See also chapter 6 , part 3 , division 3 (Provisions for civil penalty proceedings). the regulator has considered any written submissions made under paragraph (a) (iv) within the period stated in the notice.

• (a) the regulator has given the distributor a notice stating each of the following— (i) that the regulator proposes to impose the penalty; (ii) the grounds for imposing the proposed penalty; (iii) the facts and circumstances that are the basis for the grounds; (iv) that the distributor may, within a stated period of at least 20 business days, make written submissions to show why the penalty should not be imposed; and Note— See also chapter 6 , part 3 , division 3 (Provisions for civil penalty proceedings).
• (i) that the regulator proposes to impose the penalty;
• (ii) the grounds for imposing the proposed penalty;
• (iii) the facts and circumstances that are the basis for the grounds;
• (iv) that the distributor may, within a stated period of at least 20 business days, make written submissions to show why the penalty should not be imposed; and
• (b) the regulator has considered any written submissions made under paragraph (a) (iv) within the period stated in the notice.
• (i) that the regulator proposes to impose the penalty;