Part 2Regulation of Social Housing

Chapter 7Enforcement powers

Penalty

233Destination

1

This section applies where the regulator receives money by way of penalty.

2

The regulator may deduct a sum which represents—

a

the direct costs to the regulator of imposing and enforcing the penalty, and

b

a reasonable share of expenditure by the regulator which is indirectly referable to the imposition and enforcement of the penalty.

3

Any excess shall be paid to the HCA, to be used for purposes which appear to it to amount to investment in social housing.