Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Within 6 years of a person contravening a civil penalty provision, ASIC may apply to the court for an order that the person pay the Commonwealth a pecuniary penalty.
Court may order person to pay pecuniary penalty
(2) If a declaration has been made under section 166 that the person has contravened the provision, the court may order the person to pay to the Commonwealth a pecuniary penalty that the court considers is appropriate (but not more than the amount specified in section 167A).
Determining pecuniary penalty
(3) In determining the pecuniary penalty, the court must take into account all relevant matters, including:
(a) the nature and extent of the contravention; and
(b) the nature and extent of any loss or damage suffered because of the contravention; and
(c) the circumstances in which the contravention took place; and
(d) whether the person has previously been found by a court (including a court in a foreign country) to have engaged in similar conduct.
Civil enforcement of penalty
(4) A pecuniary penalty is a debt payable to the Commonwealth.
(5) The Commonwealth may enforce a pecuniary penalty order as if
it were an order made in civil proceedings against the person to recover a
debt due by the person. The debt arising from the order is taken to be a
judgement debt.