Intellectual Property Rights from Publicly Financed Research and
R 385
Electronic Communications Act, 2005 (Act No. 36 of 2005)RegulationsAmendment Regulations in respect of the Limitations of Control and Equity Ownership by Historically Disadvantaged Groups (HDGs) and the application of the ICT Sector Code, 20216. Contraventions and Penalties |
| (1) | A person that submits false, misleading or inaccurate information to the Authority is guilty of an offense and subject, on conviction to a fine of not less than R50 000 but not exceeding R5 million. |
[Regulation 6(1) substituted by section 6 of Notice No. 983, GG46245, dated 14 April 2022]
| (2) | An Individual Licensee that contravenes regulations 3(4) and/or 4(1) is liable to a fine of which ever is greater between an amount not exceeding R5 million or 10% of the Licensee's annual turnover of its licensed services. The CCC shall, on a case by case basis recommend the time period within which the Licensee ought to remedy the non-compliance with regulation 3(4) and/or 4(1). |
