6.7.2

Where an individual or firm claims that payment of the financial penalty proposed by us will cause them serious financial hardship, we will consider whether to reduce the proposed financial penalty only if:

(a) the individual or firm provides verifiable evidence that payment of the financial penalty will cause them serious financial hardship;
(b) the individual or firm provides full, frank and timely disclosure of the verifiable evidence, and co-operates fully in answering any questions asked by us about their financial position; and
(c) the onus is on the individual or firm to satisfy us that payment of the financial penalty will cause them serious financial hardship.