General penalties for LLP contraventions impose a fixed initial penalty and a daily continuing penalty subject to a statutory cap. A substituted section 74 creates a general penalty where no other penalty exists: an LLP, any partner, designated partner or other person in default for contravening the Act, rules, or conditions attached to approvals or exemptions is liable to a fixed initial penalty and a further daily penalty for continuing contraventions, subject to a statutory maximum cap on the total penalty.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
General penalties for LLP contraventions impose a fixed initial penalty and a daily continuing penalty subject to a statutory cap.
A substituted section 74 creates a general penalty where no other penalty exists: an LLP, any partner, designated partner or other person in default for contravening the Act, rules, or conditions attached to approvals or exemptions is liable to a fixed initial penalty and a further daily penalty for continuing contraventions, subject to a statutory maximum cap on the total penalty.
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