Securities Commission Act 1993 · Updated to 1 Mar 2016 · Part VI · General
139. Compounding of offences
Feedback & supportThe Chairman of the Commission may, with the consent in writing of the Public Prosecutor, compound any offence under this
Chairman
“Chairman” means the Chairman of the Commission appointed under paragraph 4(2)(a);
Act or regulations made under this Act which is prescribed to be a compoundable offence by accepting from the person reasonably suspected of having committed such offence a sum of money not exceeding such amount as may be prescribed.
prescribed
“prescribed”, where no manner of prescribing is provided, means prescribed from time to time by regulations or order published in the Gazette;
Upon receipt of the sum of money referred to in subsection (1), no further proceedings shall be taken against such person in respect of such offence and where possession has been taken of any property or document such property or document shall be released, subject to such conditions as may be imposed in accordance with the conditions of the compound.
All sums of money received under this section shall be paid into the Federal Consolidated Fund.