Section 33AS of the Act of 1942 is amended -
(a) in subsection (2), by the substitution of "a natural person" for "a person", and
(b) by the substitution of the following subsection for subsection (3):
"(3) If conduct engaged in by a person constitutes -
(a) two or more prescribed contraventions by that person,
(b) participation by that person in two or more prescribed contraventions by a regulated financial service provider, or
(c) one or more prescribed contraventions by that person and participation by that person in one or more prescribed contraventions by a regulated financial service provider,
an inquiry may be held under section 33AO or 33AR in relation to one or more of the contraventions, but only one monetary penalty may be imposed on that person under section 33AQ or 33AR in respect of the same conduct.".