A person who contravenes a provision of this Act or commits an offence under a section specified in column 1 of the First Schedule is liable on summary conviction or by way of a pecuniary penalty

(a) where an individual, to the penalty stated in relation to the offence in column 4 of the First Schedule, or

(b) where a body corporate, to the penalty stated in relation to the contravention or offence in column 3 of the First Schedule and m either case to the daily default fine stated in relation to the contravention or offence m column 5 of the First Schedule for each day during which the default continues.