(1) A person who, at the commencement of this Act, is keeping a private educational institution, shall, within 6 months of commencement of this Act or of such further period as the Minister may by notice allow, comply with section 93.
(2) A person who contravenes subsection (1) commits an offence and is liable on summary conviction to a fine not exceeding $1,000 or imprisonment for a term not exceeding 6 months, and, in the case of a continuing offence is liable to a further fine not exceeding $200 for each day during which the offence continues after the first conviction.