27—Amendment of section 118—Obstruction and non-compliance
(1) Section 118(1), penalty provision—delete the penalty provision and substitute:
Maximum penalty:
(a) in the case of a natural person—$34 000;
(b) in the case of a body corporate—$170 000.
Note—
See Schedule 2 clause 37B, which provides for criminal penalty amounts to be adjusted every 3 years to reflect movements in the consumer price index. The adjusted amounts are published on the AER's website.
(2) Section 118(2), penalty provision—delete the penalty provision and substitute:
Maximum penalty:
(a) in the case of a natural person—$34 000;
(b) in the case of a body corporate—$170 000.
Note—
See Schedule 2 clause 37B, which provides for criminal penalty amounts to be adjusted every 3 years to reflect movements in the consumer price index. The adjusted amounts are published on the AER's website.