Section 13

a licensee is contravening, or is likely to contravene or has contravened, any of the conditions of its licence, any code of practice or other standard of performance applicable to the licensee, any of the provisions of this Act or any direction issued by the Authority to, or applicable to, that licensee;

a licensee has gone into compulsory or voluntary liquidation other than for the purpose of amalgamation or reconstruction;

a licensee has made any assignment to, or composition with, its creditors; or

the public interest or security of Singapore so requires,the Authority may, by written notice and without any liability for compensation, do all or any of the following:

suspend or cancel its licence for any period that the Authority thinks fit;

require the licensee to replace its management with appointees approved by the Authority;

require the licensee to comply with any direction given by the Authority relating to or in connection with the district cooling system;

require the licensee to furnish performance bonds, banker’s guarantees and any other securities for such amounts and on such terms as the Authority sees fit;

impose a financial penalty not exceeding 10% of the annual turnover derived from the provisions of district cooling services by the licensee in Singapore as ascertained from its latest audited accounts.