[88B Financial penalties: time for recovery]

[88B  Financial penalties: time for recovery]

[(1)     Subsection (3) applies where—

(a)     the Regulator is satisfied that section 88A applies to a person by virtue of section 58C or 58D (financial penalty for avoidance of employer debt etc),

(b)     the Regulator issues a notice under section 88A requiring the person to pay a penalty in respect of the act or failure to act in question, and

(c)     when the notice under section 88A is

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