(cf previous s 125B)
(1) If
"Tier 2" 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) $2 million, and(ii) for a continuing offence--a further $20,000 for each day the offence continues, or(b) in the case of an individual--(i) $500,000, and(ii) for a continuing offence--a further $5,000 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.