PART 3Register of overseas entities

Offences

I1I2173Enforcement of requirement to register: updated language about penalties etc

1

The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.

2

In section 34 (power to require overseas entity to register if it owns certain land)—

a

in subsection (4)(a), for “the maximum summary term for either-way offences” substitute “a term not exceeding the general limit in a magistrates’ court”;

b

omit subsection (5).

3

In section 36 (meaning of “daily default fine”) after “applies for” insert “the”.