sec.3ACivil penalty amounts for breaches of civil penalty provisions

sec.3A Civil penalty amounts for breaches of civil penalty provisions

Subject to this section, the civil penalty for a breach of a civil penalty provision is— in the case of a breach of a civil penalty provision, other than a provision prescribed under paragraph (b) or (c) — if the breach is by a natural person— an amount not exceeding $33 900; plus an amount not exceeding $3 390 for every day during which the breach continues; if the breach is by a body corporate— an amount not exceeding $170 000; plus an amount not exceeding $17 000 for every day during which the breach continues; or in the case of a breach of a civil penalty provision prescribed by the Regulations for the purposes of this paragraph— if the breach is by a natural person— an amount not exceeding $287 000; plus an amount not exceeding $14 400 for every day during which the breach continues; if the breach is by a body corporate— an amount not exceeding $1 435 000; plus an amount not exceeding $71 800 for every day during which the breach continues; or in the case a breach of a civil penalty provision prescribed by the Regulations for the purposes of this paragraph— if the breach is by a natural person—an amount not exceeding $500 000; if the breach is by a body corporate—an amount not exceeding the greater of the following: $10 000 000; if the Court can determine the value of any benefit reasonably attributable to the breach of the civil penalty provision that the body corporate, and any body corporate related to the body corporate, has obtained, directly or indirectly—3 times the value of that benefit; if the Court cannot determine the value of the benefit—10% of the annual turnover of the body corporate during the 12-month period ending at the end of the month in which the body corporate breached, or began breaching, the civil penalty provision. See Schedule 2 clause 47A, which provides for the amounts specified in this subsection to be adjusted every 3 years to reflect movements in the consumer price index. The adjusted amounts are published on the AER’s website. Subsection (1) (c) (ii) (B) or (C) will only apply in a particular case if the AER, in applying for an order under section 231 (2) (a) , requests that those provisions be applied in that particular case. s 3A ins 2020 No. 37 (SA) s 48 (sec.3A-ssec.1) Subject to this section, the civil penalty for a breach of a civil penalty provision is— in the case of a breach of a civil penalty provision, other than a provision prescribed under paragraph (b) or (c) — if the breach is by a natural person— an amount not exceeding $33 900; plus an amount not exceeding $3 390 for every day during which the breach continues; if the breach is by a body corporate— an amount not exceeding $170 000; plus an amount not exceeding $17 000 for every day during which the breach continues; or in the case of a breach of a civil penalty provision prescribed by the Regulations for the purposes of this paragraph— if the breach is by a natural person— an amount not exceeding $287 000; plus an amount not exceeding $14 400 for every day during which the breach continues; if the breach is by a body corporate— an amount not exceeding $1 435 000; plus an amount not exceeding $71 800 for every day during which the breach continues; or in the case a breach of a civil penalty provision prescribed by the Regulations for the purposes of this paragraph— if the breach is by a natural person—an amount not exceeding $500 000; if the breach is by a body corporate—an amount not exceeding the greater of the following: $10 000 000; if the Court can determine the value of any benefit reasonably attributable to the breach of the civil penalty provision that the body corporate, and any body corporate related to the body corporate, has obtained, directly or indirectly—3 times the value of that benefit; if the Court cannot determine the value of the benefit—10% of the annual turnover of the body corporate during the 12-month period ending at the end of the month in which the body corporate breached, or began breaching, the civil penalty provision. See Schedule 2 clause 47A, which provides for the amounts specified in this subsection to be adjusted every 3 years to reflect movements in the consumer price index. The adjusted amounts are published on the AER’s website. (sec.3A-ssec.2) Subsection (1) (c) (ii) (B) or (C) will only apply in a particular case if the AER, in applying for an order under section 231 (2) (a) , requests that those provisions be applied in that particular case.