Failure to report

(1) Any licensee that fails to report in accordance with regulation 18(2)(f) commits an offence and is liable on summary conviction to a fine of– (a) two thousand five hundred dollars for the first offence; (b) five thousand dollars for the second offence; or (c) ten thousand dollars for the third offence, and cancellation of licence. (2) Any licensee who submits false or misleading information under regulation 18(2)(f) commits an offence and is liable on summary conviction to a fine of ten thousand dollars.