118Contravention of requirement to provide financial security

118 Contravention of requirement to provide financial security

(1) A person contravenes this subsection if: (a) subsection 117(1) requires the person to provide the Commonwealth with financial security in accordance with section 117; and (b) the person does not comply with the requirement. Fault‑based offence (2) A person commits an offence if the person contravenes subsection (1).

Penalty: 300 penalty units.

Civil penalty (3) A person is liable to a civil penalty if the person contravenes subsection (1).

Civil penalty: 480 penalty units.