Gas Act 1986
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Change 1
30O Maximum amount of penalty or compensation
(1) The maximum amount of penalty that may be imposed on a regulated person in respect of a contravention may not exceed 10 per cent of the person's turnover. (2) The maximum amount of compensation that a regulated person may be required to pay in respect of a contravention may not exceed 10 per cent of the person's turnover. (3) Subsections (1) and (2) are subject to subsection (4) if, in respect of a contravention, both a penalty is imposed and compensation is required to be paid. (4) The maximum amount in total of the penalty and compensation combined in respect of the contravention may not exceed 10 per cent of the regulated person's turnover. (5) The Secretary of State may by order provide for how a person's turnover is to be determined for the purposes of this section. (6) An order under subsection (5) may make different provision for penalties and compensation. (7) An order under subsection (5) shall not be made unless a draft of the instrument containing it has been laid before and approved by a resolution of each House of Parliament. (8) In this section— “compensation” means compensation that a regulated person is required to pay by a consumer redress order; “penalty” means a penalty imposed on a regulated person under section 30A.
30O Maximum amount of penalty or compensation
(1) The maximum amount of penalty that may be imposed on a regulated person in respect of a contravention may not exceed 10 per cent of the person's turnover. (2) The maximum amount of compensation that a regulated person may be required to pay in respect of a contravention may not exceed 10 per cent of the person's turnover. (3) Subsections (1) and (2) are subject to subsection (4) if, in respect of a contravention, both a penalty is imposed and compensation is required to be paid. (4) The maximum amount in total of the penalty and compensation combined in respect of the contravention may not exceed 10 per cent of the regulated person's turnover. (5) The Secretary of State may by order provide for how a person's turnover is to be determined for the purposes of this section. (6) An order under subsection (5) may make different provision for penalties and compensation. (7) An order under subsection (5) shall not be made unless a draft of the instrument containing it has been laid before and approved by a resolution of each House of Parliament. (8) In this section— “compensation” means compensation that a regulated person is required to pay by a consumer redress order; “penalty” means a penalty imposed on a regulated person under section 30A.
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