19. Enforcement

If the Authority is satisfied that a gas licensee is contravening, is likely to contravene or has contravened any condition of its gas licence, any provision of any code of practice or standard of performance applicable to the gas licensee, any provision of this Act, or any direction (including a direction under paragraph (a)) issued by the Minister or the Authority to, or applicable to, the gas licensee, the Authority may by written notice to the gas licensee do one or more of the following:

direct the gas licensee to do or not to do such things as are specified in such direction;

require the gas licensee to provide a performance bond, guarantee or other form of security on such terms and conditions as the Authority may determine; and

where the gas licensee is contravening or has so contravened such condition, provision or direction, require the payment of a financial penalty of an amount not exceeding 10% of the annual turnover of the gas licensee’s licensed gas business ascertained from its latest audited accounts, or an amount not exceeding $1 million, whichever is the higher.