[no bill text published] Criminal offence for failing to notify the Director of significant changes
Monetary Penalties Enforcement Amendment Bill 2026
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
People subject to section 86 must notify the Director of significant changes within 14 days; failure to do so carries a fine of up to 15 penalty units.
Fines of up to 20 penalty units apply to anyone who obstructs an enforcement officer.
Authorised deposit-taking institutions must pay any money they have deducted to the relevant authority.
The Director can decide a monetary penalty is uncollectable.
The Director can use an information system to make decisions.
The Director can issue orders to enforce fines from other states; these orders can be amended or withdrawn.