National Security and Investment Act 2021
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Change 1
42 Review, variation and revocation of monetary penalties
(1) The Secretary of State must keep a monetary penalty imposed by a penalty notice under review and may vary or revoke the penalty notice as the Secretary of State considers appropriate. (2) If a penalty is revoked under this section, the Secretary of State must, as soon as practicable, give a notice to the person upon whom the penalty was imposed. (3) If a penalty, or the period within which a penalty is to be paid, is varied under this section, the Secretary of State must, as soon as practicable, give a notice to the person on whom the penalty was imposed which— (a) states the variation and the reasons for the variation, (b) includes information about rights of appeal and consequences of non-payment. (4) A notice under subsection (3) is referred to in this Act as a penalty variation notice.
42 Review, variation and revocation of monetary penalties
(1) The Secretary of State must keep a monetary penalty imposed by a penalty notice under review and may vary or revoke the penalty notice as the Secretary of State considers appropriate. (2) If a penalty is revoked under this section, the Secretary of State must, as soon as practicable, give a notice to the person upon whom the penalty was imposed. (3) If a penalty, or the period within which a penalty is to be paid, is varied under this section, the Secretary of State must, as soon as practicable, give a notice to the person on whom the penalty was imposed which— (a) states the variation and the reasons for the variation, (b) includes information about rights of appeal and consequences of non-payment. (4) A notice under subsection (3) is referred to in this Act as a penalty variation notice.
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