Section 151B Monetary penalties: amountF1
(1)
The amount of a monetary penalty imposed on a recognised body under section 151A must not exceed 10% of the body's turnover.
(2)
The turnover of a body for the purposes of subsection (1) is to be determined in accordance with an order made by the Secretary of State.
(3)
Subject to subsection (1), the amount may be whatever Ofqual decides is appropriate in all the circumstances of the case.
Annotations
Textual amendments
- F1
Ss. 151A-151D inserted (1.5.2012) by Education Act 2011 (c. 21), ss. 23(3), 82(3); S.I. 2012/924, art. 3