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This is the original version (as it was originally enacted).
(1)The CAA must prepare and publish a statement of its policy with respect to—
(a)carrying out its functions under sections 83 and 84,
(b)imposing penalties under sections 86 and 87, and
(c)determining the amount of such penalties.
(2)The CAA may revise a statement of policy and, if it does so, it must publish the revised statement.
(3)When preparing or revising a statement of policy with respect to carrying out the functions under sections 83 and 84, the CAA must have regard to the principle that the benefits of carrying out the functions should outweigh any adverse effects.
(4)When imposing a penalty under section 86 or 87, or determining the amount of such a penalty, the CAA must have regard to the last statement of policy published under this section before the act or omission in respect of which the penalty is to be imposed.
(5)When preparing or revising a statement of policy, the CAA must consult such persons as it considers appropriate.
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