(1)  In this section –

infringement offence means an offence under this Act that is prescribed as an infringement offence.

(2)  The Regulator may issue and serve an infringement notice on a person, entity or entity regulator if the Regulator reasonably believes that the person, entity or entity regulator has committed an infringement offence.

(3)  An infringement notice –

(a) is to be in accordance with section 14 of the Monetary Penalties Enforcement Act 2005 ; and

(b) is not to relate to 4 or more offences.

(4)  The regulations may prescribe –

(a) the penalty that is payable, for an infringement offence, under an infringement notice; and

(b) different penalties for entities and individuals.