Banking Act 1959

Schedule 2 - Civil penalties  

Note: See section 65B .

Part 1 - Contravention of a civil penalty provision  

3   Persons involved in contravening civil penalty provision  

(1)  
A person must not:


(a) aid, abet, counsel or procure a contravention of a civil penalty provision; or


(b) induce (by threats, promises or otherwise) a contravention of a civil penalty provision; or


(c) be in any way directly or indirectly knowingly concerned in, or party to, a contravention of a civil penalty provision; or


(d) conspire to contravene a civil penalty provision.

(2)  
This Schedule applies to a person who contravenes subclause (1) in relation to a civil penalty provision as if the person had contravened the provision.

(3)  
However, if an individual contravenes subclause (1) in relation to a civil penalty provision that can be contravened only by a body corporate, subclause 1(2) applies as if the reference in that subclause to the relevant amount specified for the provision were a reference to 1/5 of the relevant amount specified for the provision.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.