16. Contravention of section 14

Subject to subsection (2), a person is guilty of an offence if —

A person is not guilty of an offence under subsection (1) if he shows that he did not know the acts or circumstances by virtue of which he became a controller of the relevant description; but where a person becomes a controller of any such description without such knowledge and subsequently becomes aware of the fact that he has become a controller, he is guilty of an offence unless, within 14 days of becoming aware of the fact, he gives the Authority a written notice of it.

Any person who contravenes subsection (1) is guilty of an offence and liable on conviction to a fine not exceeding $100,000, imprisonment for a term not exceeding 3 years or both.