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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12GBCN

State of mind

  (1)   In proceedings for a declaration of contravention, a pecuniary penalty order, a relinquishment order or any other order against a person for a contravention of a civil penalty provision, it is not necessary to prove:

  (a)   the person's intention; or

  (b)   the person's knowledge; or

  (c)   the person's recklessness; or

  (d)   the person's negligence; or

  (e)   any other state of mind of the person.

  (2)   Subsection   (1) does not apply to the extent that the proceedings relate to attempting to contravene a civil penalty provision, or being involved in a contravention of a civil penalty provision.

  (3)   Subsection   (1) does not affect the operation of section   12GI (which is about mistake of fact and other matters).

  (3A)   Despite subsection   (1), in proceedings referred to in that subsection:

  (a)   in relation to a contravention by a person of subsection   12DQ(4), it is necessary to prove that the person was reckless as to the matters in paragraph   12DQ(4)(c); and

  (b)   in relation to a contravention by a person of subsection   12DR(3), it is necessary to prove that the person was reckless as to the matters in paragraphs 12DR(3)(e) and (f); and

  (c)   in relation to a contravention by a person of subsection   12DS(2), it is necessary to prove that the person was reckless as to the matters in paragraph   12DS(2)(d).

  (3B)   For the purposes of subsection   (3A), a person is reckless as to a fact if:

  (a)   the person is aware of a substantial risk that the fact exists; and

  (b)   having regard to the circumstances known to the person, it is unjustifiable to take the risk.

  (4)   Subsection   (1) does not apply to the extent that the civil penalty provision, or a provision that relates to the civil penalty provision, expressly provides otherwise.



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