Clause 8

by deleting the words “or with the provisions of this Act” in subsection (1)(a) and substituting the words “or with any provision of this Act which is applicable to the licensee and for which no criminal penalty is prescribed for a contravention of the provision”;

by inserting, immediately after paragraph (a) of subsection (1), the following paragraph:“(aa)is convicted of any offence under this Act;”;

by inserting, immediately after the words “section 18” in subsection (1)(d), the words “or 18A”;

by deleting paragraph (iii) of subsection (1) and substituting the following paragraph:“(iii)require the licensee to pay, within a specified period, a financial penalty of such amount as the Authority thinks fit, which in any case shall not exceed the maximum amount specified in subsection (1A).”;

by inserting, immediately after subsection (1), the following subsection:“(1A) For the purposes of requiring a licensee of any rapid transit system to pay a financial penalty under subsection (1)(iii), the maximum amount means the higher of the following amounts:

$1 million; or

10% of the licensee’s annual fare revenue that is received —

during the licensee’s last‑completed financial year as ascertained from the licensee’s latest audited accounts; and

from the operation of the rapid transit system or, if more than one rapid transit system is the subject of the licensee’s licence, of each rapid transit system.”; and

by inserting, immediately after subsection (2), the following subsection: “(3) In this section, “annual fare revenue”, in relation to a licensee of a rapid transit system, means the total charges received by the licensee from passengers for travel services provided on any railway comprised in that rapid transit system, less any goods and services tax paid by, the value of any rebate supplied to, and any connection commission paid by, passengers in connection with those travel services.”.