22.—(1) The regulations may prescribe offences relating to the reporting obligations under this Division.
(2) The punishment for an offence prescribed pursuant to subsection (1) must not exceed —(a)
a fine of $20,000 on conviction; and
(b)
in the case of a continuing offence, a further fine of $1,000 for every day or part of a day during which the offence continues after conviction.
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