(1) A contravention of this Part, or the regulations made under this Part, by an industrial organisation constitutes a sufficient ground for the cancellation of its registration under Division 2 of Part 3 or for the imposition of any other penalty under that Division.
(2) For that purpose, the Industrial Registrar may exercise the functions of the Commission under Division 2 of Part 3 (but without limiting the power of the Commission to exercise those functions).
(3) Action may not be taken against an industrial organisation for a contravention of section 292 unless the organisation has been given at least 1 month's notice by the Industrial Registrar to rectify the contravention.