Singapore legislation
Section 13
Section 13
Revocation or suspension of electricity licence
(1)
Subsection (2) applies if the Authority is satisfied that —
an electricity licensee has gone into compulsory liquidation or voluntary liquidation other than for the purpose of amalgamation or reconstruction;
any circumstance specified in an electricity licence that gives rise to the Authority’s power to revoke or suspend the licence exists;
an electricity licensee has not complied with any direction or requirement issued by the Authority under section 14;
an electricity licensee is no longer in a position to operate in conformity with this Act or the terms and conditions of its electricity licence; or
the public interest or security of Singapore requires.
(2)
The Authority may, by written notice and without any compensation —
revoke an electricity licence or suspend an electricity licence for such period as the Authority thinks fit; and (b)in the case of subsection (1)(b) or (c), require the payment of a financial penalty, in addition to the imposition of any sanction under section 14, of an amount not exceeding 10% of the annual turnover of that part of an electricity licensee’s business in respect of which the licensee holds a licence, ascertained from the licensee’s latest audited accounts, or an amount not exceeding $1 million, whichever is higher.