14Enforcement of Act by Regulator

14 Enforcement of Act by Regulator

(1)  If the Regulator is satisfied that a licensee has contravened this Act or a condition of the licence held by the licensee, the Regulator may impose on the licensee a monetary penalty not exceeding –

(a) 5 000 penalty units for the first day on which the contravention occurs; and

(b) a further fine not exceeding 200 penalty units for each subsequent day during which the contravention continues.

(2)  If there is more than one licensee that may be taken to have contravened this Act in respect of a single event, the Regulator may take any action under this section in respect of one or more such licensees as the Regulator thinks fit.