17Reporting requirements

17 Reporting requirements

17 Reporting requirements

(1) A brand owner must provide a report to the regulator within 3 months of the end of the financial year.

Maximum penalty—

(a) for a corporation—4,000 penalty units and, for a continuing offence, a further 400 penalty units for each day the offence continues, or

(b) for an individual—1,000 penalty units and, for a continuing offence, a further 100 penalty units for each day the offence continues.

(2) The report must—

(a) be provided in the form and the way approved by the regulator, and

(b) include the information prescribed by the regulations.

(3) Information provided to the regulator under this section may be taken into consideration by the regulator and used for the purposes of this Act.

(4) Without limiting subsection (3), the information is admissible in evidence in a prosecution of the brand owner for an offence against this Act or the regulations, whether or not the information may incriminate the brand owner.

(5) The regulations may prescribe information to be included in a report by reference to the following—

(a) a brand owner,

(b) a regulated product,

(c) an activity,

(d) an industry.