Clause 22

by inserting, immediately after the words “think fit” in subsection (2), the words “, and the person must comply with the requirement”; and

by deleting subsection (3) and substituting the following subsection:“(3) Any person who contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction —

if the person is an individual, and the property mentioned in subsection (1)(a) came into the person’s possession, custody or control, or the information or particulars mentioned in subsection (1)(b) or (2) came to the person’s attention, in the course of the person’s trade, profession, business or employment — to a fine not exceeding $250,000 or to imprisonment for a term not exceeding 5 years or to both;

if the person is an individual, but paragraph (a) does not apply — to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 5 years or to both; or

if the person is not an individual, to a fine not exceeding —

where subsection (1) was contravened, the higher of —

$1 million; or (B)twice the value of the property mentioned in subsection (1)(a) or (b), as the case may be; or

where subsection (2) was contravened, $1 million.”.