10BCompliance notice

10B Compliance notice

10B Compliance notice

(1) If a statutory default occurs, IPART may give written notice (a compliance notice) to the alleged defaulter specifying the default and requiring the alleged defaulter to take specified action, within a period specified in the notice, to remedy or mitigate the consequences of the default or to prevent the continuance or recurrence of the default.

(2) Without limiting the action that may be specified, a compliance notice may—

(a) require a notice to be given to customers or to be published, or

(b) require an audit and compliance program to be undertaken, or

(c) require a training program to be undertaken.

(3) If the alleged defaulter fails to take the specified action within the time allowed in the notice, the alleged defaulter is guilty of an offence.

Maximum penalty—

(a) for a corporation—18,000 penalty units, or

(b) for an individual—3,500 penalty units.

(4) IPART is not required to give an alleged defaulter an opportunity to make submissions on a compliance notice or proposed compliance notice before it is given despite a requirement of the rules of procedural fairness.

s 10B: Ins 2021 No 26, Sch 1[4].