Release of Issues Paper on Civil Pecuniary Penalties

Publication Date 
11 August 2012

The Law Commission sought public feedback on the use of financial penalties by enforcement agencies to punish corporates and individuals for breaches of the law.

In an Issues Paper published in November 2012, the Commission noted bodies like the Commerce Commission are increasingly resorting to financial, or pecuniary, penalties instead of criminal sanctions to deal with a range of commercial and financial offending such as insider trading and price fixing. Click on the link below for the full media release.