# The Postal Services Act 2000 (Determination of Turnover for Penalties) Order 2001, Article 2: Determination of turnover


(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.

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Source: https://www.legislation.gov.uk/ukdsi/2001/0110289366/article/2 (the official version)
Page: https://openlegislation.uk/draft-postal-services-act-2000-determination-of-turnover-for-penalties-order-2001/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.