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The Competition Act 1998 (Determination of Turnover for Penalties) Order 2000
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- 2000 No. 309
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
This order specifies how the turnover of the undertaking is to be determined for the purposes of section 36(8) of the Competition Act 1998. Where an undertaking infringes either of the prohibitions contained in the Act the Director General of Fair Trading, or one of the regulators having concurrent powers, may impose on the undertaking a penalty of up to 10 per cent. of its turnover as so defined.
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