• Please answer question 8 by using website (https://www.caselaw.nsw.gov.au/decision/549f62ef3004262463a270ec) and prosecution provided in question 7.

7. Identify the legislation which sets out the monetary value of penalty units and the legislation that determines the value of a single unit. Then calculate the highest monetary penalty the agent could receive for breaching section 32 of the Property and Stock Agents Act 2002 and Schedule 1.2 of the Regulations. NSW legislation sets out the monetary value of Interpretation Act 1987 1 penalty units (NSW) Legislation that determines the value of a single 2 Crime Act 1999 (NSW) penalty unit. the maximum monetary penalty for breach of $22,000 section 32 0 8. Using the prosecution provided, explain the process that you or the agency should follow if a breach of ethics was identified. List two ways this may be recorded in the agency? (120-160 words)