Accounting and Corporate Regulatory Authority Act 2004 · 2020 Revised Edition · Part 7 · Miscellaneous
44. Composition of offences
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The Chief Executive or any officer of the Authority who is authorised by the Chief Executive may compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum not exceeding the lower of the following:
Chief Executive
“Chief Executive” means the Chief Executive of the Authority, and includes any individual acting in that capacity;
one half of the amount of the maximum fine that is prescribed for the offence;
$5,000.
On payment of the sum of money, no further proceedings are to be taken against that person in respect of the offence.[36