93.—(1) Any police officer not below the rank of inspector specially authorised by name in that behalf by the Minister, or any employee of the Corporation specially authorised by name in that behalf by the chief executive, may in his discretion compound any such offence under this Act or any regulations made thereunder as may be prescribed as being an offence which may be compounded by collecting from the person reasonably suspected of having committed the offence a sum of money not exceeding $100.
(2) The Corporation may, with the approval of the Minister, make regulations prescribing the offences which may be compounded and the method and procedure by which such offences may be compounded under this section.
(3) All sums of money received for the composition of offences under this section shall be paid into the funds of the Corporation.