For the purposes of section 138A of the Act--
(a) each offence created by a provision specified in Column 1 of Schedule 7 is prescribed as a penalty notice offence, and
(b) the prescribed penalty for such an offence is the amount specified in relation to the offence in Column 2 of Schedule 7 (in respect of an individual) or in Column 3 of Schedule 7 (in respect of a corporation).