258 Australian Securities and Investments Commission

Act & Section

258 Australian Securities and Investments Commission

Type

Penalty units in respect of pre-commencement conduct remain at $100

Process

ASIC Act – Historical penalty provision

What

Penalties prior to the assent of the ASIC Act

Observations

(1)   Where offending that could be punished under this Act occurred, prior to the assent of this Act. The deemed penalty for that offence is $100.00 per penalty unit for the offence committed.

(2)   This section overrides s.4AA Crimes Act 1914.