Clause 107

by deleting paragraph (e) of subsection (2);

by inserting, immediately after the words “refund and remission” in subsection (2)(s), the words “, whether in whole or in part,”;

by inserting, immediately after the words “the regulations” in subsection (3), the words “made under this Act”;

by deleting the word “and” at the end of subsection (3)(a); and

by deleting paragraph (b) of subsection (3) and substituting the following paragraphs:“(b)may provide that a contravention of any specified provision thereof shall be an offence; and

may provide for penalties not exceeding a fine of $50,000 or imprisonment for a term not exceeding 12 months or both for each offence and, in the case of a continuing offence, a further penalty not exceeding a fine of 10% of the maximum fine prescribed for that offence for every day or part thereof during which the offence continues after conviction.”.