A person is liable for an administrative penalty in respect of the supply or purported supply of a pharmaceutical benefit if:
(a) the Secretary has served a notice (as mentioned in subsection 99ABC(4)) on the person claiming an amount (the total amount ) as a debt due to the Commonwealth under subsection 99ABC(1); and
(b) the total amount consists of, or includes, an amount (the recoverable amount ) in respect of the benefit recoverable as a debt due to the Commonwealth from the person; and
(c) the total amount is more than:
(i) $2,500; or
(ii) if a higher amount is prescribed by the regulations--that higher amount.