Source: http://www.legislation.gov.uk/nia/2008/13/part/1/chapter/2/crossheading/penalty-notices
Timestamp: 2018-09-25 20:21:10
Document Index: 708634597

Matched Legal Cases: ['art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2']

Pensions (No. 2) Act (Northern Ireland) 2008, Cross Heading: Penalty notices is up to date with all changes known to be in force on or before 25 September 2018. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Penalty noticesN.I.
Escalating penalty noticesN.I.
41—(1) The Regulator may issue an escalating penalty notice to a person if it is of the opinion that the person has failed to comply with—
(d)a notice under Article 67 of the 2005 Order (provision of information) [F3, so far as relevant to the exercise of any of its functions under or by virtue of this Part ] .
(2) But the Regulator may not issue an escalating penalty notice if—
(b)it relates to failure to comply with any notice within subsection (1), the person has exercised the right of referral to [F4a tribunal] under section 44 in respect of a fixed penalty notice issued in relation to that notice, and the reference has not been determined.
(3) An escalating penalty notice is a notice requiring a person to pay an escalating penalty if the person fails to comply with a notice referred to in subsection (1) before a specified date.
(4) An escalating penalty is a penalty which is calculated by reference to a prescribed daily rate.
(5) The prescribed daily rate—
(6) An escalating penalty notice must—
(f)notify the person of the review process under section 43 and the right of referral to [F5a tribunal] under section 44.
F3Words in s. 41(1)(d) inserted (24.6.2015) by Pensions Act (Northern Ireland) 2015 (c. 5), ss. 40(1), 53(2)(d)
F4Words in s. 41(2)(b) substituted (6.4.2010) by Pensions Regulator Tribunal (Transfer of Functions) Act (Northern Ireland) 2010 (c. 4), ss. 3(1), 5(2), Sch. 1 para. 30 (with Sch. 2); S.R. 2010/101, art. 2
F5Words in s. 41(6)(f) substituted (6.4.2010) by Pensions Regulator Tribunal (Transfer of Functions) Act (Northern Ireland) 2010 (c. 4), ss. 3(1), 5(2), Sch. 1 para. 30 (with Sch. 2); S.R. 2010/101, art. 2
I5S. 41 partly in force; s. 41 in force for certain purposes at Royal Assent see s. 118(2)
I6S. 41(1)(a)-(c) in operation at 30.6.2012 in so far as not already in operation by S.R. 2012/266, art. 2, Sch. Pt. 1
I7S. 41(1)(d) in operation at 30.6.2012 for specified purposes by S.R. 2012/266, art. 2, Sch. Pt. 1
I8S. 41(2)-(6) in operation at 30.6.2012 in so far as not already in operation by S.R. 2012/266, art. 2, Sch. Pt. 1
Penalty notices: recoveryN.I.
42—(1) Any penalty payable under section 40 or section 41 is recoverable by the Regulator.
(2) The Regulator must pay into the Consolidated Fund any penalty recovered under this section.
I9S. 42 in operation at 30.6.2012 by S.R. 2012/266, art. 2, Sch. Pt. 2