Corporations Act 2001
The purpose of this Part is to provide for the issue of an infringement notice to a disclosing entity for an alleged contravention of subsection 674(2) or 675(2) as an alternative to proceedings for civil penalties under Part 9.4B .1317DAB(2) [ Effect]
(a) require an infringement notice to be issued to the disclosing entity for the alleged contravention of subsection 674(2) or 675(2) ; or
(b) affect the liability of the disclosing entity to civil or criminal proceedings in relation to the alleged contravention of subsection 674(2) or 675(2) if:
(i) an infringement notice is not issued to the disclosing entity for the alleged contravention; or
(ii) an infringement notice issued to the disclosing entity for the alleged contravention is withdrawn under section 1317DAI ; or
(c) prevent a Court from imposing a higher penalty than the penalty specified in the infringement notice if the disclosing entity does not comply with the infringement notice.
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