In this part of the law, you'll find some important words and what they mean. When someone breaks a rule about registering financial statements, it's called an 'infringement offence'. If you do this, you might get an 'infringement notice'. This is a special letter telling you about the problem. The 'infringement fee' is the amount of money you have to pay if you get one of these notices. It's $7,000.

The law says that an infringement offence happens when you don't follow the rules in section 207G(2) or (3). These rules are about not registering financial statements when you're supposed to, as mentioned in section 207G(1)(e).

If you get an infringement notice, you can find out more about it in section 207Z.