Section 43C
Power to compound
The Registrar or any Inspector specifically authorized in writing by name or by office in that behalf by the Registrar may, with the consent of the Public Prosecutor, compound any offence under this Act which is prescribed to be a compoundable offence by accepting from the person reasonably suspected of having committed the offence and to whom an offer to compound has been made a sum of money not exceeding fifty per centum of the amount of the maximum fine for that offence.
(2)
An offer to compound under subsection (1) may be made at any time after the offence has been committed but before any prosecution for it has been instituted.
(3)
Where the amount specified in the offer to compound is not paid within the time specified in the offer, or within such extended period as may be granted by the Registrar or an Inspector specifically authorized under subsection (1), prosecution for that offence may be instituted at any time after such period against the person to whom the offer to compound was made.
(4)
Where an offence has been compounded under subsection
(1)
, no prosecution shall, within the time specified in subsection
(3)
, be instituted in respect of the offence against the person to whom the offer to compound was made.
(5)
All moneys paid to the Registrar or to an Inspector specifically authorized under subsection (1) shall be paid into and form part of the Federal Consolidated Fund.