s 4A Prohibition against holding out as operator or settlement institution of designated system
4A.—(1) A person must not hold out that the person is an operator or a settlement institution of a designated system, unless —(a) the person is an operator or a settlement institution (as the case may be) of a system; and (b) the Authority has designated the system to be a designated system under section 3.[4/2018] (2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 2 years or to both and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part of a day during which the offence continues after conviction.[4/2018]