Section 47 — Composition of offences

(1)The Director-General may compound any offence under this Act that is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum not exceeding the lower of the following:

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

(b)$10,000.[Act 11 of 2023 wef 01/05/2023]

(2)On payment of the sum of money, 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.