Clause 8

by deleting the word “or” at the end of subsection (1)(b);

by deleting paragraph (c) of subsection (1) and substituting the following paragraphs:“(c)any direction of the Postal Authority given under section 25, 26D or 26F(2); or

section 26B,”;

by deleting “$10,000” in subsection (1)(ii) and substituting the words “$1 million”;

by deleting subsections (2) and (3) and substituting the following subsection:“(2) Where the Postal Authority is satisfied that —

the person who is granted a postal licence is again likely to contravene, whether by act or omission, any condition, provision, direction or section referred to in subsection (1);

the person who is granted a postal licence has gone into liquidation other than for the purpose of amalgamation or reconstruction;

the person who is granted a postal licence is no longer in a position to comply with the provisions of this Act or the terms or conditions of his licence; or

the public interest so requires,the Postal Authority may, in lieu of an order or a financial penalty under subsection (1)(i) or (ii) or both, by notice in writing and without any compensation, do all or any of the following:

cancel the licence or part thereof;

suspend the licence or part thereof for such period as it thinks fit;

reduce the period for which the licence is to be in force.”;

by deleting the word “Authority” in subsection (4)(c) and substituting the words “Postal Authority”; and

by inserting, immediately after the words “an offence” in subsection (5), the words “and shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 3 years or to both”.