Regulatory Reform (Scotland) Act 2014

Interpretation of Chapter 2

33Interpretation of Chapter 2

In this Chapter—

  • “early payment discounts” means early payment discounts included in an order under this Chapter by virtue of section 29(1);

  • “enforcement undertaking” has the meaning given in section 27;

  • “fixed monetary penalty” has the meaning given in section 20;

  • “late payment penalties” means a requirement to pay interest or other financial penalties for late payment of a fixed monetary penalty, a variable monetary penalty or a non-compliance penalty included in an order under this Chapter by virtue of section 29(1);

  • “non-compliance penalty” has the meaning given in section 26(1);

  • “variable monetary penalty” has the meaning given in section 23.