(1) Proceedings for an offence may be commenced:
(a) no later than 5 years after the alleged commission of the offence; and
(b) by the Registrar or a person authorised in writing by the Registrar.
(2) In this section:
"offence" means an offence under:
(a) this Act; or
(b) the local regulations; or
(c) the Co-operatives National Law (NT) ; or
(d) the Co-operatives National Regulations (NT) .