Financial Sector Reform (Hayne Royal Commission Response) Act 2020 (135 of 2020)
Schedule 4 Caps on commissions
Australian Securities and Investments Commission Act 2001
4 After subsection 12GB(1)
Insert:
(1AA) A person commits an offence if the person contravenes section 12DMC.
Penalty: 60 penalty units.
(1AB) Subsection (1AA) is an offence of strict liability.
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