Clause 12

by deleting the word “and” at the end of paragraph (g); and

by deleting paragraph (h) and substituting the following paragraphs:“(h)the power of the Board to impose a financial penalty not exceeding $50,000 on the owner or applicant of any flat, house or other living accommodation sold under the provisions of this Part for a breach of any restriction, condition or requirement of section 47 on or after the date of commencement of section 12 of the Housing and Development (Amendment) Act 2015 where the Board does not proceed against that owner or applicant under section 47;

the power of the Board to impose a financial penalty not exceeding $50,000 on the owner of any flat, house or other building sold under the provisions of this Part for a breach of any restriction, condition or requirement of section 55 on or after the date of commencement of section 12 of the Housing and Development (Amendment) Act 2015 where the Board does not proceed against that owner under section 55; and

the power of the Board to, instead of acquiring any flat, house or other living accommodation on any ground under section 56(1), impose a financial penalty not exceeding $50,000 on the owner of that flat, house or other living accommodation for a breach of any restriction, condition or requirement of section 56 on or after the date of commencement of section 12 of the Housing and Development (Amendment) Act 2015.”.