S.L. 234.42 Art. 166Penalties.

(1) Where any provision provides for the imposition of a penalty, the amount of such penalty shall be determined by reference to the Tenth Schedule which specifies the maximum penalty that may be imposed by the Registrar under any of the provisions of these regulations.

(2) In the Tenth Schedule, the first column indicates the regulation and sub-regulation which prescribes that a penalty shall be imposed, the second column gives a general description of the infringement, which description shall not be relied on in interpreting any provision of, the third column prescribes the maximum penalty and the fourth column prescribes the maximum daily default penalty, if any. The daily default penalty shall be due for every day during which the default continues and shall accrue from the day on which the Registrar gives notice under sub-regulation (4) of regulation 165 that a penalty is due.

(3) Action by the Registrar for the recovery of a penalty shall be prescribed by the lapse of five years from the day on which the default occurs.

(4) A company shall be jointly and severally liable with its officers for the payment of any administrative penalties imposed.