Supplementary Order Paper No 50

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.