(1) A person in public life who commits any of the acts specified in Schedule 2 commits an act of corruption.
(2) Any person in public life who commits an act of corruption commits an offence and is liable—
(a) on summary conviction—
(i) in the case of a first offence, to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 5 years, or to both such fine and imprisonment, and
(ii) in the case of a second or subsequent offence, to a fine not exceeding $300,000 or to imprisonment for a term not exceeding 7 years or to both such fine and imprisonment;
(b) on conviction on indictment—
(i) in the case of a first offence, to a fine not exceeding $500,000 or to imprisonment for a term not exceeding 10 years or to both such fine and imprisonment, and
(ii) in the case of a second or subsequent offence to a fine not exceeding one million dollars or to imprisonment for a term not exceeding 15 years or to both such fine and imprisonment.
(3) For purposes of this section and sections 32, 33, 34, 35 and 36, person in public life includes—
(a) the chairperson, managing director, chief executive officer of a body whether public or private, performing a public function; and
(b) any person performing a public function.