10. Amendment of section 10 of the principal enactment

Section 10 of the principal enactment is hereby amended in subsection (2) thereof , by the substitution for the words “ a penalty of an amount equal to fifty per centum of the levy.” of the following words :-

“a penalty of an amount equal to fifty per centum of the levy :

Provided however, if the amount so defaulted is paid by the registered owner of a specified motor vehicle before the expiry of sixty days from the relevant date or the end of the year in respect of which the levy is payable, whichever is earlier, such penalty shall not be charged from such registered owner.” .