130Imposition of monetary penalty on CMS licensees

130 Imposition of monetary penalty on CMS licensees

130 Imposition of monetary penalty on CMS licensees

For the purposes of paragraph (b1) of the definition of disciplinary action in section 172(1) of the Act, the maximum amount of a monetary penalty that may be imposed on a CMS licensee by the Minister is $250,000 and, in the case of a continuing contravention, a further penalty of $50,000 for each day the contravention continues.