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Unclaimed Moneys Act 1965 [Act 370]

16 Power to compound offences

(1) The Registrar may, with the consent in writing of the Public Prosecutor, compound any offence committed by any person under this Part by making a written offer to the person suspected to have committed the offence to compound the offence upon payment to the Registrar of an amount of money not exceeding fifty per cent of the amount of maximum fine for that offence within the time specified in the offer.

(2) An offer under subsection (1) may be made at any time after the offence has been committed, but before prosecution for it has been instituted, and if the amount specified in the offer is not paid within the time specified in the offer or within such extended period as the Registrar may grant, prosecution for the offence may be instituted at any time after that against the person to whom the offer was made.

(3) If an offence has been compounded under subsection (1), no prosecution shall be instituted in respect of the offence against the person to whom the offer to compound was made.

(4) All sums of money received by the Registrar under this section shall be paid into and form part of the Federal Consolidated Fund.

17 Forms

The Registrar may, from time to time, determine the forms that are required for the purposes of this Part.

18 Power to exempt

The Minister may by order in the Gazette exempt a company or firm from the provisions of this Part.


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