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Treasury Laws Amendment (2020 Measures No. 4) Bill 2021

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2019-2020-2021

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

Treasury Laws Amendment (2020 Measures No. 4) Bill 2020

 

 

(1)     Schedule 3, item 1, page 6 (lines 6 and 7), omit the item, substitute:

1  Subsection 51AE(2)

Repeal the subsection, substitute:

             (2)  If regulations prescribe an industry code (other than a code that relates to the industry of franchising), the industry code may prescribe a pecuniary penalty not exceeding 600 penalty units for a contravention of a civil penalty provision of the code.

          (2A)  If regulations prescribe an industry code that relates to the industry of franchising, the industry code may do the following:

                     (a)  prescribe that the pecuniary penalty for a contravention of a civil penalty provision of the code by a body corporate is the greatest of the following:

                              (i)  $10,000,000;

                             (ii)  if the Court can determine the value of the benefit that the body corporate, and any body corporate related to the body corporate, has obtained directly or indirectly and that is reasonably attributable to the contravention—3 times the value of that benefit;

                            (iii)  if the Court cannot determine the value of that benefit—10% of the annual turnover of the body corporate during the period of 12 months ending at the end of the month in which the contravention occurred;

                     (b)  prescribe that the pecuniary penalty for a contravention of a civil penalty provision of the code by a person who is not a body corporate is $500,000;

                     (c)  if the code does not prescribe a pecuniary penalty mentioned in paragraph (a) or (b) for a contravention of a civil penalty provision of the code—prescribe a pecuniary penalty not exceeding 600 penalty units for the contravention.

          (2B)  An expression used paragraph (2A)(a) has the same meaning as in paragraph 76(1A)(b).

[industry code penalties]

(2)     Schedule 3, item 2, page 6 (after line 14), at the end of the item, add:

(3)       To avoid doubt, nothing in this Schedule affects the validity of regulations made under the Competition and Consumer Act 2010 before the commencement of this item.

[industry code penalties]

(3)     Schedule 4, page 7 (lines 1 to 26), omit the Schedule, substitute:

Schedule 4 Modification power

   

Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020

1  Schedule 5

Repeal the Schedule, substitute:

Schedule 5 Modification of information and other requirements

   

1  Modification of information and other requirements

(1)       This item applies in relation to a provision (an affected provision ) of an Act or a legislative instrument that requires or permits any of the following matters (a relevant matter ):

                     (a)  the giving of information in writing;

                     (b)  the signature of a person;

                     (c)  the production of a document by a person;

                     (d)  the recording of information;

                     (e)  the retention of documents or information;

                      (f)  the witnessing of signatures;

                     (g)  the certification of matters by witnesses;

                     (h)  the verification of the identity of witnesses;

                      (i)  the attestation of documents.

(2)       A responsible Minister for an affected provision may, by legislative instrument, determine that, to the extent that the affected provision relates to a relevant matter:

                     (a)  the affected provision is varied as specified in the determination in relation to a period specified in the determination; or

                     (b)  the affected provision does not apply in relation to a period specified in the determination; or

                     (c)  the affected provision does not apply, and that another provision specified in the determination applies instead, in relation to a period specified in the determination.

(3)       The period specified in a determination made under subitem (2) may be a period that starts before this item commences.

(4)       A responsible Minister for an affected provision must not make a determination under subitem (2) in relation to the affected provision unless the responsible Minister is satisfied that the determination is in response to circumstances relating to the coronavirus known as COVID-19.

(5)       For the purposes of this item, a responsible Minister for an affected provision is:

                     (a)  if the affected provision is a provision of an Act—any Minister who administers that Act; or

                     (b)  if the affected provision is a provision of a legislative instrument—any Minister who administers the enabling legislation (within the meaning of the Legislation Act 2003 ) under which that legislative instrument is made.

(6)       A determination made under subitem (2) has effect accordingly.

(7)       A determination made under subitem (2) has no operation after 31 December 2021.

(8)       This item is repealed at the end of 31 December 2021.

[modification power]