55.5. A monetary administrative penalty of $500 in the case of a natural person and $2,500 in any other case may be imposed on every person who fails(1) to notify the Minister of an event provided for in subparagraph 1 or 3 of the first paragraph of section 28.1 or section 42.1 within the time prescribed by that section;
(2) to provide a guarantee on the conditions set out in section 29, 30 or 32.