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Article 2 Determination of turnover

Original text. Later amendments are not shown.

(1)

Subject to paragraphs (2) and (3) below, the turnover of a licence holder shall be the licence holder’s annual turnover.

(2)

Where the Commission is satisfied that a licence holder has contravened any condition of the licence for a period which is greater than 1 year but less than 2 years, the turnover shall be the annual turnover multiplied by 2.

(3)

Where the Commission is satisfied that a licence holder has contravened any provision of the licence for a period greater than 2 years, the turnover shall be the annual turnover multiplied by 3.

(4)

For the purposes of this Article, annual turnover shall be calculated in accordance with Article 3.