What is the maximum amount of administrative penalty that can be imposed on non-compliant companies and CCs?
Maximum = 10% of revenue from date of non-compliance
Remember that the date of non-compliance is only after the 40 days stated in the compliance notice
Section 175 covers administrative fines in detail
Subsection (1)(b) refers to subsection (5), which states that the minister may state a max amount, but it must exceed R1million (as was gazetted).
Disclaimer:
Please note that the information provided does not constitute legal or professional advice, but rather the applicability of existing theory to a given practical situation. Due care is taken to ensure that the information is correct, but it remains subjective and an interpretation of application of information.