Personal Liability for Corporate Fault Reform Act 2012 (180 of 2012)

Schedule 1   Corporations Act 2001

19   After subsection 1317G(1B)

Insert:

Responsibilities of secretaries etc. for certain corporate contraventions

(1BA) Without limiting subsection (1),if a declaration of contravention by a person of subsection 188(1) or (2) has been made under section 1317E, a Court may order the person to pay the Commonwealth a pecuniary penalty of up to $3,000.