(1) A person who commits the offence of drug trafficking or of being in possession of a controlled drug for the purpose of drug trafficking is liable—
(a) on summary conviction—
(i) to a fine of $100,000 or where there is evidence of the street value of the controlled drug, 3 times the street value of the controlled drug whichever is the greater; and
(ii) to imprisonment for a term which may extend to 10 years but which shall not be less than 5 years; or
(b) upon conviction on indictment to imprisonment for life.
(2) A person who commits the offence of drug trafficking in a substance other than a controlled drug, which he or she represents or holds out to be a controlled drug is liable—
(a) upon summary conviction to a fine of $5,000 and to imprisonment for 2 years; or
(b) upon conviction on indictment to a fine of $25,000 and to imprisonment for 5 years.
(3) Subject to any regulations under section 10 a person found in possession of a controlled drug in any school premises is deemed to have the controlled drug for the purpose of drug trafficking, unless the contrary is proved, the burden of proof being on the accused.
(4) In subsection (3) “school premises” includes buildings, playing fields or other premises established or maintained by a school for the benefit of its pupils whether or not such buildings, playing fields or other premises are within the curtilage of the school.