s 309V Procedure for imposing penalties
(1) If the appropriate regulator proposes to impose a penalty on a person under section 309U , it must give the person a warning notice. (2) A warning notice under this section must state the amount of the penalty. (3) If the appropriate regulator decides to impose a penalty on a person under section 309U , it must give the person a decision notice. (4) A decision notice under this section must state the amount of the penalty. (5) If the appropriate regulator decides to impose a penalty on a person under section 309U , the person may refer the matter to the Tribunal.