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In forceUpdated to 30 Jun 2025
Contents

Part 8 · Resolution of Financial Institutions

89. Offence

A person that fails to comply with a condition imposed on the person in section 87(2) or (3), or a notice served on the person in section 87(5) or 88(1), shall be guilty of an offence and shall be liable on conviction —

(a)

in the case of an individual, to a fine not exceeding $125,000 and, in the case of a continuing offence, to a further fine not exceeding $12,500 for every day or part of a day during which the offence continues after conviction; or

(b)

in any other case, to a fine not exceeding $250,000 and, in the case of a continuing offence, to a further fine not exceeding $25,000 for every day or part of a day during which the offence continues after conviction.

Report

Part 9

Digital Token Service Providers

Part 10

Inspection Powers of Authority

Part 10A

Investigations

Part 11

Offences

Part 12

Miscellaneous

Part 13

Consequential and Related Amendments to Other Acts

Part 14

Savings and Transitional Provisions

Schedules