741Recovery of amounts payable under Law

741 Recovery of amounts payable under Law

741 Recovery of amounts payable under Law

(1) A fee, charge or other amount payable under this Law is a debt due to the Regulator and may be recovered by action for a debt in a court of competent jurisdiction.

(2) A fee, charge or other amount payable under this Law may also be recovered in a proceeding for an offence against this Law.

(3) An order made under subsection (2)—

(a) can not be for an amount exceeding the monetary jurisdictional limit of the court in civil proceedings; and

(b) is taken to be, and is enforceable as, a judgment of the court sitting in civil proceedings.