If a regulator proposes to take action against a person under section 192Y, it must give the person a warning notice.

A warning notice about a proposal to impose a penalty must state the amount of the penalty.

A warning notice about a proposal to publish a statement must set out the terms of the statement.

If the regulator decides to take action against a person under section 192Y, it must give the person a decision notice.

A decision notice about the imposition of a penalty must state the amount of the penalty.

A decision notice about the publication of a statement must set out the terms of the statement.

If the regulator decides to take action against a person under section 192Y, the person may refer the matter to the Tribunal.