s 49 Penalties
49. A person who contravenes any of the provisions of this Part shall be guilty of an offence and shall be liable on conviction —(a)
in the case of an individual, to a fine not exceeding $250,000 or to imprisonment for a term not exceeding 7 years or to both; or
(b)
in the case of a body corporate, to a fine not exceeding $500,000.
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