Singapore legislation
Clause 116
Clause 116
Amendment of section 236H
Section 236H of the principal Act is amended by deleting subsections (2) and (3) and substituting the following subsection:“(2) If the court is satisfied on a balance of probabilities that the contravening person has contravened a provision in this Part with the consent or connivance of the defendant, or as a result of any neglect on the part of the defendant, the court may make an order against the defendant for the payment of a civil penalty of a sum not less than $50,000 but not exceeding the greater of the following:
3 times —
the amount of the profit that the defendant gained as a result of the contravention by the contravening person; or
the amount of the loss that the defendant avoided as a result of the contravention by the contravening person;
$2 million.”.