(1) Where it is reasonable to do so for the protection of the revenue or as provided for in this Act, the Comptroller, by notice in writing, may require a person to give security for the payment of tax within a specified time that is or may become payable by the person under this Act.
(2) Security required under subsection (1), including security required from a promoter of public entertainment, must be for such amount, in such form, and furnished within such period as the Comptroller may specify in the notice.
(3) A person who contravenes subsection (1) commits an offence and is liable on summary conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding one year or to both.
(4) Where security under subsection (1) is in cash and the Comptroller is satisfied that the security is no longer required, the Comptroller shall apply the amount of the security as specified under section 57(4).
(5) A person dissatisfied with a decision of the Comptroller under subsection (1) may challenge the decision under Part 9 of this Act.
(6) A promoter of public entertainment shall not allow the public entertainment to take place unless the promoter has paid the amount required under subsection (1) and received the Comptroller's written approval.
(7) A promoter of public entertainment who contravenes subsection (6) commits an offence and is liable —
(a) on summary conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 3 years or to both; and
(b) to a tax at the rate under subsection 10(1) on the value of the tickets printed for entertainment.