Section 147

The Commissioner or a Deputy Commissioner may compound any offence against this Act or any regulations made thereunder which is prescribed as a compoundable offence by making a written offer to compound to and by collecting from the person reasonably suspected of having committed that offence a sum not exceeding $1,000.

An offer to compound pursuant to subsection (1) may be made at any time after the offence has been committed, but before any prosecution for it has been instituted, and where the amount specified in the offer is not paid within the time specified in the offer or within such extended period as the Commissioner or a Deputy Commissioner may grant, prosecution for the offence may be instituted at any time thereafter against the person to whom the offer was made.

Where an offence has been compounded under subsection (2) —