5. Section 8 of the Telecommunications Act is amended —
by deleting paragraph (ii) of subsection (1) and substituting the following paragraph:
require the person to pay, within a specified period, a financial penalty of an amount not exceeding the higher of the following amounts:
10% of the annual turnover of that part of the person’s business in respect of which the person is granted the licence, as ascertained from the person’s latest audited accounts; or
by deleting subsection (4) and substituting the following subsections:
“(4) An order under subsection (1)(i) —
shall require the person concerned (according to the circumstances of the case) to do, or to refrain from doing, such things as are specified in the order, or as are of a description specified in the order; and
shall take effect at such time (being the earliest practicable time) as is determined by or under that order.
(4A) The Authority may at any time vary, suspend or revoke the whole or any part of an order under subsection (1)(i).”; and
by inserting, immediately after subsection (6), the following subsection:
“(6A) If the Authority, by notice in writing under subsection (1), requires a person who is granted a licence to pay, within a specified period, a financial penalty under subsection (1)(ii), and the person fails or refuses to pay the financial penalty within the specified period, the Authority may, by notice in writing and without payment of any compensation, do all or any of the following:
cancel the licence or part thereof;
suspend the licence or part thereof for such period as it thinks fit;
reduce the period for which the licence is to be in force.”.