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CORPORATIONS ACT 2001 - SECT 1317DAB

Purpose and effect of this Part

  (1)   The purpose of this Part   is to provide for the issue of an infringement notice to a disclosing entity for an alleged contravention of subsection   674(2) or 675(2).

  (2)   This Part does not:

  (a)   require an infringement notice to be issued to the disclosing entity for the alleged contravention of subsection   674(2) or 675(2); or

  (b)   affect the liability of the disclosing entity to civil or criminal proceedings in relation to the alleged contravention of subsection   674(2) or 675(2) if:

  (i)   an infringement notice is not issued to the disclosing entity for the alleged contravention; or

  (ii)   an infringement notice issued to the disclosing entity for the alleged contravention is withdrawn under section   1317DAI; or

  (c)   prevent a Court from imposing a higher penalty than the penalty specified in the infringement notice if the disclosing entity does not comply with the infringement notice.



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