Penalty for failure to pay tax

(1) Any licensee whotax. (a) wilfully fails to account for, or to pay, the tax due under this Act; or (b) knowingly furnishes a return required under section 9(4) of this Act that is false in any material particular, commits an offence and is liable on summary conviction to a fine not exceeding twenty-five thousand dollars or to imprisonment for a term not exceeding two years, or to both such fine and term of imprisonment.