(1) If the appropriate regulator proposes to impose a penalty on a person under section 309U, it must give the person a warning notice.
(2) A warning notice under this section must state the amount of the penalty.
(3) If the appropriate regulator decides to impose a penalty on a person under section 309U, it must give the person a decision notice.
(4) A decision notice under this section must state the amount of the penalty.
(5) If the appropriate regulator decides to impose a penalty on a person under section 309U, the person may refer the matter to the Tribunal.