Regulation 16B Withdrawal, reduction or extension of time for payment of a financial penaltyF1
On or before the date by which a penalty must be paid, as specified in a notice under regulation 16, if the administrator considers it appropriate, the administrator may decide to—
withdraw the penalty;
reduce the penalty;
allow an extension of time for payment of the penalty.
If under paragraph (1)—
the administrator decides to withdraw a financial penalty, the administrator must—
serve a notice on the operator stating that the penalty is withdrawn; and
where information in respect of the penalty is published under regulation 16A, publish information showing that the penalty is withdrawn;
the administrator decides to reduce a financial penalty, the administrator must—
serve a notice on the operator modifying the notice served under regulation 16 in respect of the penalty; and
where information in respect of the penalty is published under regulation 16A, publish information showing the reduced amount of the penalty;
the administrator decides to allow an extension of time for payment of a financial penalty, the administrator must serve a notice on the operator modifying the notice served under regulation 16 in respect of the penalty.