Clause 336
Proceedings with consent of Attorney-General and power to compound offences
of Securities and Futures Bill
BillNot in forceProvision 336 of 348
Clause 336
(1)
Proceedings for an offence against any provisions of Part XII may be taken only with the consent of the Attorney-General.
(2)
The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding the maximum fine prescribed for that offence.