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.
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