(cf previous s 125C)
(1) If
"Tier 3" is specified as the maximum penalty at the end of a provision (or a number of provisions) of this Act, a person who contravenes or fails to comply with that provision (or those provisions) is guilty of an offence and liable to a penalty not exceeding--(a) in the case of a corporation--(i) $1 million, and(ii) for a continuing offence--a further $10,000 for each day the offence continues, or(b) in the case of an individual--(i) $250,000, and(ii) for a continuing offence--a further $2,500 for each day the offence continues.
(2) If a period of imprisonment is also specified, the person is also liable to imprisonment not exceeding the period so specified.
Note : Section 10.13 provides that the regulations may create offences and impose a maximum monetary penalty for an offence against the regulations not exceeding $110,000.