66Payment of penalty

66 Payment of penalty (1) If the penalty specified in a notice under section 64(1) or 64(3) is paid— (a) within 14 days after the expiry of the period specified in the notice; or (b) if the Commission so allows, at any time before service of a summons in respect of the failure to comply with the notice— no further proceedings may be taken against the person in respect of the failure to make a report. (2) Nothing in this Part prejudices the institution or prosecution of proceedings for an offence under section 65(5), if the penalty specified in a notice under section 64(1) or 64(3) has not been paid within the period specified in subsection (1).