Companies Act 2014 section 957G

Limitations on imposing monetary sanctions on relevant director

Section 957G set out the limitations that applied when monetary sanctions were imposed on a relevant director, but this section has since been repealed.

• Section 957G was introduced by the Companies (Statutory Audits) Act 2018 to place limits on monetary sanctions that could be imposed on relevant directors.
• The section formed part of the enforcement framework governing directors in the context of statutory audit requirements.
• The entire section was repealed by the Companies (Corporate Enforcement Authority) Act 2021, section 3.
• The repeal was part of the broader restructuring of corporate enforcement functions under the Corporate Enforcement Authority established by the 2021 Act.

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