118Obstruction and non-compliance

118 Obstruction and non-compliance

118 Obstruction and non-compliance

(1) A person must not, without reasonable excuse, obstruct or hinder a person in the exercise of a power under section 116.

Maximum penalty—

(a) in the case of a natural person—$34 000;

(b) in the case of a body corporate—$170 000.

Note

See Schedule 2 clause 37A, which provides for the amounts specified in this section to be adjusted every 3 years to reflect movements in the consumer price index. The adjusted amounts are published on the AER’s website.

(2) A person must not, without reasonable excuse, fail to comply with a direction under section 116.

Maximum penalty—

(a) in the case of a natural person—$34 000;

(b) in the case of a body corporate—$170 000.

Note—

See Schedule 2 clause 37A, which provides for the amounts specified in this section to be adjusted every 3 years to reflect movements in the consumer price index. The adjusted amounts are published on the AER’s website.

s 118: Am 2009 No 31, sec 46; 2020 No 37, sec 27.