Section 35
Composition of offences
of Limited Partnerships Act 2008
ActIn forceProvision 42 of 53
Section 35
(1)
The Registrar may compound any offence under this Act that is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum not exceeding the lower of the following:
(a)
one half of the amount of the maximum fine that is prescribed for the offence;
(b)
$5,000.
(2)
On the payment of the sum of money, no further proceedings are to be taken against that person in respect of the offence.
(3)
All sums collected under this section must be paid to the Authority.