Treasury Laws Amendment (Enhancing Whistleblower Protections) Act 2019 (10 of 2019)

Schedule 1   Amendments

Part 1   Amendment of the Corporations Act 2001

Corporations Act 2001

11   After subsection 1317G(1G)

Insert:

Whistleblower provisions

(1H) A Court may order a person to pay the Commonwealth a pecuniary penalty if:

(a) a declaration of contravention by the person has been made under section 1317E; and

(b) the contravention is of subsection 1317AAE(1) (confidentiality of whistleblower's identity) or subsection 1317AC(1), (2) or (3) (victimisation or threatened victimisation of whistleblower).

(1J) The maximum amount that the court may order the person to pay for contravening subsection 1317AAE(1) or 1317AC(1), (2) or (3) is:

(a) $200,000 for an individual; or

(b) $1 million for a body corporate.