Composition of offences
53.—(1)  The Director-General or any officer authorised in writing in that behalf by the Agency may compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding $5,000.
(2)  On payment of the sum of money, no further proceedings are to be taken against that person in respect of the offence.