10Regulator may give directions

10 Regulator may give directions

(1)  The Regulator may, by notice in writing given to a licensee, direct the licensee –

(a) to carry out, within a period specified in the notice, obligations under this Act, or the licence, that are specified in the notice; or

(b) to cease activities, specified in the notice, that constitute, or are likely to constitute, a contravention of this Act or the licence.

(2)  A licensee must comply with a direction given to the licensee in a notice under subsection (1) .

Penalty:  Fine not exceeding 1 200 penalty units and, in the case of a continuing offence, a further fine not exceeding 500 penalty units for each day during which the offence continues.

(3)  If the licensee fails to comply with a direction given to the licensee in a notice under subsection (1) , the Regulator may –

(a) take the action required to be taken for the direction to be complied with or arrange for the action, required for the direction to be complied with, to be taken; and

(b) recover from the licensee in any court of competent jurisdiction, as a debt due to the Crown, the cost of the taking of the action.