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What is Administrative Monetary Penalty mean?
An Administrative Monetary Penalty is a civil penalty imposed by a regulator for a contravention of an Act, regulation or by-law. It is issued upon discovery of an unlawful event, and is due and payable subject only to any rights of review that may be available under the AMP's implementing scheme. It is regulatory in nature, rather than criminal, and is intended to secure compliance with a regulatory scheme, and it can be employed with the use of other administrative sanctions, such as demerit points and license suspensions.
referencePosted on 03 Oct 2024, this text provides information on Miscellaneous in Governmental related to Governmental. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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