(1) A regulatory offence is an unlawful, reprehensible act constituting the factual elements set forth in a statute that enables the act to be sanctioned by imposition of a regulatory fine.
(2) An act that is subject to a regulatory fine is deemed to be an unlawful act which constitutes the factual elements set forth in a statute within the meaning of subsection (1), even if it is not committed in a reprehensible manner.