The amendments to Article 54 of the Land Tax Act (), Articles 29, 30 and 31 of the Vehicle License Tax Act () and select articles under the Tobacco and Liquor Tax Act () would allow agencies more leeway in assigning fines based on the severity of the breach, the Ministry of Finance said
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It's also, far less often, slang for 'a bet' or a gamble, as in "I took a punt on it not raining tonight", "I had a punt on a horse race"