Offence and penalty

(1) A person who contravenes any provision of these Regulations commits an offence and is liable on summary conviction to a penalty of– (a) $25,000 in the case of a first offence; or (b) $100,000 in the case of a second or subsequent (2) Subregulation (1) shall apply without prejudice to section 107 of the Act in respect to strike off.