(1) If the modified
penalty specified in an infringement notice is paid within 28 days or any
further time allowed, and the notice has not been withdrawn, the bringing of
proceedings and the imposition of penalties are prevented to the same extent
as they would be if the alleged offender had been convicted by a court of, and
punished for, the alleged offence.
(2) The payment of an
amount as a modified penalty is not to be regarded as an admission for the
purposes of any proceedings, whether civil or criminal.