72(1)The Registrar may, with the approval of the Minister, establish a schedule of monetary penalties that may be imposed with respect to the violation of or failure to comply with any provision of this Act or the regulations, other than Part 2 or the regulations made under that Part.

72(2)A monetary penalty imposed pursuant to subsection (1) shall not exceed $5000 in the case of an individual or $50,000 in the case of any other person.

72(3)The Registrar may impose monetary penalties set out in the schedule established under subsection (1).

72(4)In deciding to impose a monetary penalty, the Registrar shall have regard to the guidelines, if any, governing the imposition of such penalties as may be established by the Minister.

72(5)A person on whom a monetary penalty is imposed may appeal the penalty by serving a written request on the Minister with a copy to the Registrar within 15 days after the penalty is imposed, in which case a hearing shall be held in accordance with section 32.

72(6)The adjudicator holding the hearing may confirm the monetary penalty or set it aside.

72(7)A decision of the adjudicator under subsection (6) is final.