s 41 Composition of offences
41.—(1) Subject to subsection (1A), the Chief Executive or any officer of the Board authorised by him or her may, in his or her discretion, compound any offence under this Act or any regulations made under this Act which 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) $2,000.[7/2014] [Act 28 of 2022 wef 01/04/2023] (1A) The Controller may compound any offence under Part 3AA or any regulations made for that Part, which is prescribed as a compoundable offence, by collecting from a person reasonably suspected of having committed the offence a sum not exceeding $5,000.[Act 28 of 2022 wef 01/04/2023] (2) On payment of the sum of money, no further proceedings are to be taken against that person in respect of the offence.[7/2014] (3) All sums collected under this section must be paid into the Consolidated Fund.[25A [7/2014]