[F15C.—(1) The Authority must in respect of each of its financial years pay to the Treasury any amounts received by it during the year by way of penalties imposed under regulation 5A.U.K.
(2) The Treasury may give directions to the Authority as to how the Authority is to comply with its duty under paragraph (1).
(3) The directions may in particular—
(a)specify the time when any payment is required to be made to the Treasury, and
(b)require the Authority to provide the Treasury at specified times with information relating to penalties that the Authority has imposed under regulation 5A.
(4) The Treasury must pay into the Consolidated Fund any sums received by them under this regulation.]
Textual Amendments
F1Reg. 5C inserted (1.4.2013) by The Payment to Treasury of Penalties Regulations 2013 (S.I. 2013/429), regs. 1, 2(6)