Penalties for non-compliance with section 197 increased, imposing stronger sanctions on individuals and companies for defaults. Amendment to section 197 omits subsection (7) and substitutes subsection (15) to prescribe a penalty regime: a specified monetary sanction for a person who defaults in complying with the section and a higher specified monetary sanction where the default is by a company, thereby distinguishing individual and corporate liability for non-compliance.
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Provisions expressly mentioned in the judgment/order text.
Penalties for non-compliance with section 197 increased, imposing stronger sanctions on individuals and companies for defaults.
Amendment to section 197 omits subsection (7) and substitutes subsection (15) to prescribe a penalty regime: a specified monetary sanction for a person who defaults in complying with the section and a higher specified monetary sanction where the default is by a company, thereby distinguishing individual and corporate liability for non-compliance.
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