Clause 4

by inserting, immediately after the word “rule” in subsection (2)(c), the words “(except a rule made under paragraph (ba))”;

by deleting the word “and” at the end of subsection (2)(d);

by deleting the words “penalty (such penalty, if unpaid, to constitute a debt due to the Board and be recoverable as such)” in subsection (2)(e) and substituting the words “financial penalty (not exceeding $5,000)”;

by deleting the full‑stop at the end of paragraph (e) of subsection (2) and substituting a semi‑colon, and by inserting immediately thereafter the following paragraph:“(f)prescribing a right to appeal to the Minister (whose decision is to be final) against any financial penalty imposed under this Act or any rules made under this Act and the appeal procedures.”;

by deleting the word “and” at the end of paragraph (c) of subsection (2A), and by inserting immediately thereafter the following paragraph:“(ca)the power of the Board to forfeit (in part or in whole) the security deposited by a licensee under any rule made under paragraph (c) for any contravention of any obligation imposed on the licensee by the licence or by this Act;”;

by deleting the full‑stop at the end of paragraph (d) of subsection (2A) and substituting a semi‑colon, and by inserting immediately thereafter the following paragraphs:“(e)the power of the Board to impose a financial penalty not exceeding $10,000 on a licensee for contravention of any licence condition; and

that any act or omission in contravention of any rule made under subsection (2)(ba) shall be an offence punishable with a fine not exceeding $20,000 or with imprisonment for a term not exceeding 12 months or with both.”; and

by inserting, immediately after subsection (2A), the following subsections:“(2B) Where any financial penalty is imposed under any rule made under subsection (2A)(e) on a licensee for contravening any licence condition, any security deposited by the licensee in respect of that licence under any rule made under subsection (2A)(c) is not to be forfeited under any rule made under subsection (2A)(ca) for that contravention except to the extent to pay the financial penalty.(2C) Any reference to a licence in subsections (2A) and (2B) includes a reference to a permit or a registration scheme authorising the carrying out of any renovation in any flat, house or other building sold under this Act.”.