Mixed Ownership Model Bill - Amendment paper No 050
Mixed Ownership Model Bill - Amendment paper No 050
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Mixed Ownership Model Bill - Amendment paper No 050
No 50
House of Representatives
Supplementary Order Paper
Tuesday, 19 June 2012
Mixed Ownership Model Bill
Proposed amendment
Clare Curran, in Committee, to move the following amendment:
Clause 16
In clause 16, new section 45T, after subsection (1) (after line 23 on page 9), insert:
(1A) Every person who contravenes section 45S commits an offence and is liable upon conviction to a maximum fine of $1,000,000, and an additional fine of $100,000 for each day on which they remain in breach of that section, after the first day.
Explanatory note
This Supplementary Order Paper would institute a financial penalty for breaching the ownership limit applied to mixed ownership model companies.
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Mixed Ownership Model Bill - Amendment paper No 050
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