Offences and penalties

(1) Save as otherwise specially provided in this Act or any regulations made thereunder, any person convicted of an offence under this Act or any regulations shall be liable on summary conviction as follows, (a) for the first offence, to a fine of not less than ten thousand dollars but not exceeding twenty thousand dollars, or to imprisonment for a term of not less than one year but not more than two years, or to both such fine and imprisonment; (b) for a second or subsequent offence, to a fine of not less than twenty thousand dollars but not exceeding fifty thousand dollars, or to imprisonment for a term of not less than two years but not more than five years, or to both such fine and imprisonment. (2) Where a person is convicted under this Act or any regulations made thereunder for a second or subsequent offence, the court shall order that the goods and proceeds derived from or connected with or relating to such an offence shall be forfeited and disposed of in such a manner as the Minister may direct.\ (3) Notwithstanding subsections (1) and (2) of this section, in the case of minor offences, the Committee may, in lieu of proceeding summarily in court of law, impose an administrative fine not exceeding one thousand dollars for a violation of any provision of this Act or any regulation made thereunder.