Foreign Acquisitions and Takeovers Act 1975
PART 5
-
OFFENCES AND CIVIL PENALTIES
Division 3
-
Civil penalties
Subdivision A
-
Civil penalties relating to actions generally
SECTION 89
CONTRAVENING ORDERS UNDER PART 3
89(1)
A person must not contravene an order made under Part 3 .
89(2)
A person who contravenes subsection (1) is liable to a civil penalty.
Penalty
89(3)
The maximum penalty for the contravention is the lesser of the following: (a) 2,500,000 penalty units; (b) the greater of the following:
View history note
Hide history noteA person must not contravene an order made under Part 3 .
89(2)
A person who contravenes subsection (1) is liable to a civil penalty.
Penalty
89(3)
The maximum penalty for the contravention is the lesser of the following: (a) 2,500,000 penalty units; (b) the greater of the following:
(i) 5,000 penalty units (or 50,000 penalty units if the person is a corporation);
(ii) the amount worked out under section 98F for the action in relation to which the order was made.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.