Singapore legislation
Regulation 10A
Regulation 10A
Maximum amount of financial penalties
Subregulation 1
The maximum amount prescribed for the purposes of section 48J(3) of the Act is —
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
in any other case — $1 million.
Subregulation 2
The maximum amount prescribed for the purposes of section 48J(4) of the Act is —
in the case of an individual — $200,000; and
in any other case — $1 million.
Subregulation 3
The maximum amount prescribed for the purposes of section 48J(4A) of the Act is —
in the case of an individual — $200,000;
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
in any other case — $1 million.