Clause 124
Penalties under this Division
of Securities and Futures Bill
BillNot in forceProvision 130 of 348
Clause 124
Any person who, without reasonable justification or excuse, contravenes any of the provisions of this Division (except section 121), shall be guilty of an offence and shall be liable on conviction, where no penalty is expressly provided, to a fine not exceeding $50,000 and, in the case of a continuing offence, to a further fine of $5,000 for every day or part thereof during which the offence continues after conviction.