Where, in fixing the amount of a fine, a court has determined the offender's financial circumstances1 and, on subsequently inquiring into the offender's financial circumstances, is satisfied that had it had the results of that inquiry when sentencing the offender it would:
(1) have fixed a smaller amount2; or
(2) not have fined him3,
it may remit the whole or part of the fine4. Where the court so remits the whole or part of a fine after a term of imprisonment in default has been fixed
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