SCHEDULES

SCHEDULE 1Monetary penalty notices

Part 1Monetary penalty notices

Guidance

I111

1

The Commissioner must prepare and issue guidance on how the Commissioner proposes to exercise the Commissioner's functions under section 7 and this Schedule.

2

The guidance must, in particular, deal with—

a

the manner in which the Commissioner is to deal with claims of a description specified in the guidance which may give rise to grounds for serving a monetary penalty notice,

b

the circumstances in which the Commissioner would consider it appropriate to serve a monetary penalty notice,

c

how the Commissioner will determine the amount of the penalty, and

d

the circumstances in which the Commissioner would consider it appropriate to impose an enforcement obligation.

3

The Commissioner may alter or replace the guidance.

4

If the guidance is altered or replaced, the Commissioner must issue the altered or replacement guidance.

5

The Commissioner must arrange for the publication, in such form and manner as the Commissioner considers appropriate, of any guidance issued under this paragraph.