Commonwealth Numbered Acts

PAYMENT TIMES REPORTING ACT 2020 (NO. 91, 2020) - SECT 37

Application of civil penalty provisions

             (1)  Each civil penalty provision of this Act does not apply in relation to conduct engaged in before the enforcement day.

             (2)  The enforcement day is the day occurring 12 months after the commencement of this section.

Publishing information regarding non-compliance

             (3)  The Regulator must not publish information in relation to a reporting entity under subsection 22(1) because of a failure by the entity before the enforcement day to comply with this Act.

Audit powers

             (4)  The Regulator must not give a reporting entity a notice under subsection 30(2) (requiring the entity to arrange an audit) before the enforcement day.

Monitoring powers

             (5)  The provisions and information mentioned in subsections 31(1) and (2) are not subject to monitoring under Part 2 of the Regulatory Powers Act before the enforcement day.

Investigation powers

             (6)  The provisions mentioned in subsection 32(1) are not subject to investigation under Part 3 of the Regulatory Powers Act before the enforcement day.