BORA Financial Markets Conduct Bill [pdf, 474 KB]
...Bill, we note that reversal of the onus of proof is generally considered to be more easily justifiable for "regulatory" offences. Those who choose to participate in regulated industries should be expected to meet certain expectations of care and accept the enhanced standards of behaviour. The offences discussed in this advice are regulatory in nature. • With respect to the penalty level of the offences discussed in this advice it is important to note that in the finan...