Offence and penalty

(1) Any member of a local authority who applies a discount in contravention of section 18A of this Act, commits an offence and is liable on summary conviction to a fine of one thousand dollars or to imprisonment for a period of eight months or to both fine and imprisonment. (2) Where a person is convicted under subsection (1) of this section, the court shall order that person to pay the loss of revenue into the city or town fund, as the case may be, within a period as the court deems reasonable. (3) Where a person defaults in paying the loss of revenue in accordance with subsection (2) of this section, that person is liable to pay interest on that amount at the rate of 1% per month.