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Takeovers Act 1993

Investigation and enforcement - Enforcement by court - Pecuniary penalty orders and declarations of contravention

33P: Maximum amount of pecuniary penalty

You could also call this:

"The Maximum Penalty for Breaking the Law"

Illustration for Takeovers Act 1993

You can get a pecuniary penalty if you break the law. The maximum penalty is $500,000 for an individual and $5,000,000 for a company, for each time you break the law. This penalty applies to each contravention.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM326339.

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Topics:
Crime and justice > Criminal law
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33O: What declarations of contravention must state, or

"What a court must say when it finds someone broke the takeovers rules"

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33Q: Considerations for court in determining pecuniary penalty, or

"What the court thinks about when deciding a penalty for wrongdoing"

Part 3Investigation and enforcement
Enforcement by court: Pecuniary penalty orders and declarations of contravention

33PMaximum amount of pecuniary penalty

  1. The maximum amount of a pecuniary penalty is $500,000 for an individual and $5,000,000 for a body corporate, for each contravention.

Notes
  • Section 33P: inserted, on , by section 16 of the Takeovers Amendment Act 2006 (2006 No 48).