Clause 45

by deleting the word “registered” wherever it appears in subsection (1) and substituting in each case the word “licensed”;

by deleting the words “principal officer” wherever they appear in subsection (1) and substituting in each case the words “chief executive”; (c)by deleting the words “$50,000 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 $5,000” in subsection (2) and substituting the words “$125,000 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 $12,500”; and

by deleting the word “registered” in the section heading and substituting the word “licensed”.