80   Transmission of records relating to transfer operation

(cf former Act s 29 (5))

A person must not fail to transmit the records relating to a transfer operation that are required to be kept by this Division to the place or person, or in the manner, prescribed by the regulations.

Maximum penalty:

(a)  in the case of an individual—$22,000, or

(b)  in the case of a corporation—$110,000.