(1) An offence against an Act for which there is no punishment specified other than a term of imprisonment is punishable in addition to or instead of imprisonment by a maximum fine calculated in accordance with subsection (2).
(2) The maximum fine is calculated by multiplying 100 penalty units by the term of imprisonment expressed:
(a) in years; or
(b) if the term is less than 12 months – as a fraction of a year.
(3) Subsections (1) and (2) do not apply if the specified term of imprisonment is life.