Western Australian Consolidated Regulations (1) On or after the
appointed day a person must not engage in an activity mentioned in
regulation 14(a), (b), (c) or (d) unless the person
is —
(a) a
registered participant in relation to that activity; or
(b) the
subject of a derogation under the market rules, or otherwise exempt under the
market rules, from the requirement to be registered in accordance with the
market rules in relation to that activity.
Penalty: $100 000 and $10 000 for each
day after the day of service on the person by the IMO of notice of the
contravention of this subregulation.
(2) On or after the
appointed day a person, other than the IMO or System Management, must not
engage in the activity mentioned in regulation 14(e) unless the person
is —
(a) a
registered participant in relation to that activity; or
(b) the
subject of a derogation under the market rules, or otherwise exempt under the
market rules, from the requirement to be registered in accordance with the
market rules in relation to that activity.
Penalty: $100 000 and $10 000 for each
day after the day of service on the person by the IMO of notice of the
contravention of this subregulation.
(3) In
subregulation (1) or (2) —
appointed day means the day fixed by the Minister
by order published in the Gazette .
(4) Different days may
be fixed under subregulation (3) in respect of different activities.