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Part 2A · Financial Penalties

10A. Maximum amount of financial penalties

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Amended

Last amended by an amending law of 2022.

(1)

The maximum amount prescribed for the purposes of section 48J(3) of the Act is —

(a)

in the case of a contravention on or after 1 October 2022 by an organisation whose annual turnover in Singapore exceeds $10 million — 10% of the annual turnover in Singapore of the organisation; and

(b)

in any other case — $1 million.

(2)

The maximum amount prescribed for the purposes of section 48J(4) of the Act is —

(a)

in the case of an individual — $200,000; and

(b)

in any other case — $1 million.

(3)

The maximum amount prescribed for the purposes of section 48J(4A) of the Act is —

(a)

in the case of an individual — $200,000;

(b)

in the case of a contravention on or after 1 October 2022 by a person whose annual turnover in Singapore exceeds $20 million — 5% of the annual turnover of the person in Singapore; and

(c)

in any other case — $1 million.

Subregulation 1

The maximum amount prescribed for the purposes of section 48J(3) of the Act is —

(a)

in the case of a contravention on or after 1 October 2022 by an organisation whose annual turnover in Singapore exceeds $10 million — 10% of the annual turnover in Singapore of the organisation; and

(b)

in any other case — $1 million.

Subregulation 2

The maximum amount prescribed for the purposes of section 48J(4) of the Act is —

(a)

in the case of an individual — $200,000; and

(b)

in any other case — $1 million.

Subregulation 3

The maximum amount prescribed for the purposes of section 48J(4A) of the Act is —

(a)

in the case of an individual — $200,000;

(b)

in the case of a contravention on or after 1 October 2022 by a person whose annual turnover in Singapore exceeds $20 million — 5% of the annual turnover of the person in Singapore; and

(c)

in any other case — $1 million.

Report

Part 3

Reconsideration Applications

Part 4

Directions and Decisions of Commission

Part 5

Exercise of Powers of Investigation

Part 6

Miscellaneous