With respect to criminal liability involving companies,which of the following statements about civil penalties is NOT correct?

Question

Quizplus · Accepted Answer

Civil penalties do not involve imprisonment, so statement B is incorrect. The other statements are correct. Civil penalties are financial penalties imposed by ASIC for breach of civil penalty provisions under the Corporations Act, and may include disqualification from managing a company and fines of up to $200,000. Proof of breach of a civil penalty provision is on the balance of probabilities, which is a lower standard of proof than the criminal standard of "beyond a reasonable doubt". The penalty is a civil debt payable to ASIC, meaning that it can be enforced through civil court proceedings.

With Respect to Criminal Liability Involving Companies,which of the Following