(1) If the Minister is satisfied that there is reasonable cause to do so or the paid up equity capital of an administrator is less than any amount set in section 13 (3)(c), the Minister may direct the administrator to provide such guarantees or other financial support as the Minister thinks fit within the time specified by the Minister.
(2) An administrator who fails to comply with a direction given pursuant to subsection (1) commits an offence and is liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 3 years or to both.