6(1)In subsection (3) of section 101 (penalty on revocation of national sound broadcasting licence), for “a financial penalty of the prescribed amount” there shall be substituted “ a specified financial penalty ”.U.K.
(2)For subsection (4) of that section (amount of penalty) there shall be substituted—
“(3A)The maximum amount which a person may be required to pay by way of a penalty under subsection (3) is the maximum penalty given by subsections (3B) and (3C).
(3B)In a case where the licence is revoked under this section or the penalty is imposed before the end of the first complete accounting period of the licence holder to fall within the period for which the licence is in force, the maximum penalty is whichever is the greater of—
(a)£250,000; and
(b)7 per cent. of the amount which OFCOM estimate would have been the qualifying revenue for the first complete accounting period of the licence holder falling within the period for which the licence would have been in force.
(3C)In any other case, the maximum penalty is whichever is the greater of—
(a)£250,000; and
(b)7 per cent. of the qualifying revenue for the last complete accounting period of the licence holder falling within the period for which the licence is in force.
(3D)Section 102(2) to (6) applies for estimating or determining qualifying revenue for the purposes of subsection (3B) or (3C) above.”
(3)This paragraph applies only in a case of a revocation in relation to which—
(a)the notice required by section 101(2) of the 1990 Act, or
(b)the notice revoking the licence,
is served after the commencement of this paragraph.
Commencement Information
I1Sch. 13 para. 6 in force at 29.12.2003 by S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)