Section 25C

the Minister grants his or her approval under section 25 for an approved purchaser to purchase, acquire or retain any estate or interest in any residential property (other than non‑restricted residential property), subject to any condition; and

the approved purchaser fails to comply with any such condition, other than a condition mentioned in section 25(7)(a),the approved purchaser shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $200,000 or to imprisonment for a term not exceeding 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $2,000 for every day or part of a day during which the offence continues after conviction.