Cap. 643 Art. 33Imposition of administrative penalties.

(1) The Authority may impose an administrative penalty upon any person who infringes any provision of this Act, regulations prescribed thereunder or of any other law which the Authority is entitled to enforce, or who fails to comply with any directive or decision given by the Authority whether in accordance with this Act, regulations prescribed thereunder or under any other law which the Authority is entitled to enforce, or who fails to comply with any condition of any authorisation granted in accordance with this Act.

(2) An administrative penalty imposed under sub-article (1) shall not exceed:

(a) one hundred thousand euro (€100,000) for each contravention and, or one thousand, four hundred euro (€1,400) for each day of non-compliance, from the date of the decision given by the Authority; and, or

(b) in the case of an undertaking, including a vertically integrated undertaking, or a body corporate, up to ten (10%) percent of the total turnover concerned in the preceding business year:

Provided that in the case of an undertaking, including a vertically integrated undertaking or a body corporate, an administrative penalty of up to ten (10%) percent of the annual turnover concerned in the preceding business year, which amount exceeds one hundred thousand euro (€100,000) may, in any such case be imposed.