Hello licencefx,
Thank you for your question.
Under s 1317G a person or body corporate may be liable to pay a pecuniary penalty up to the maximum amount per each individual declaration of contravention. For example, in ASIC v Vizard, the defendant was fined for three separate breaches, each with a penalty of $130k.
Please feel free to contact our financial services team if you require further assistance.
Authors: Grant Holley (Partner) and Hannah MacPherson (Law Clerk)
