Section 115 — Composition of offences

(1)The Authority or an authorised officer may compound any offence under this Act that is prescribed as a compoundable offence —

(a)by collecting from a person reasonably suspected of having committed the offence a sum not exceeding the lower of the following:

(i)one half of the amount of the maximum fine that is prescribed for the offence;

(ii)$5,000; and

(b)by requiring the person reasonably suspected of having committed the offence to do, or to refrain from doing, such things as are specified in an offer of composition (called conditions of composition) by the Chief Executive of the Authority or any authorised officer mentioned in subsection (1) with the concurrence (general or specific) of the Public Prosecutor.

(2)On payment of the sum of money and on full compliance with the conditions of composition, no further proceedings are to be taken against that person in respect of the offence.

(3)All sums collected under this section must be paid into the Consolidated Fund.