Clause 18
Amendment of section 58
of Telecommunications (Amendment) Bill
BillNot in forceProvision 18 of 26
Clause 18
Section 58 of the Telecommunications Act is amended by inserting, immediately after subsection (5), the following subsection:“(5A) Any telecommunication licensee who contravenes subsection (5) shall be guilty of an offence and shall be liable on conviction —
(a)
to a fine not exceeding the higher of the following amounts:
(i)
10% of the annual turnover of that part of its business in respect of which it is granted the licence, as ascertained from its latest audited accounts; or
(ii)
$1 million; and
(b)
in the case of a continuing offence, to a further fine not exceeding $100,000 for every day or part thereof during which the offence continues after conviction.”.