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Takeovers Act 1993

Investigation and enforcement - General

44X: No pecuniary penalty and fine for same conduct

You could also call this:

"You can't be fined and penalised for the same mistake"

Illustration for Takeovers Act 1993

You cannot be ordered to pay a pecuniary penalty and also be liable for a fine under the Takeovers Act 1993 for the same conduct. This means you will not have to pay both a penalty and a fine for doing the same thing wrong. The law is clear that you can only get one of these punishments for the same mistake.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM326750.

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Part 3Investigation and enforcement
General

44XNo pecuniary penalty and fine for same conduct

  1. A person cannot be ordered to pay a pecuniary penalty and be liable for a fine under this Act for the same conduct.

Notes
  • Section 44X: inserted, on , by section 24 of the Takeovers Amendment Act 2006 (2006 No 48).