TELEVISION (AMENDMENT)
Ord. No. 72/88
A459
19. (1) Section 35(4) is amended by substituting "$50,000" for Increase of fines "$10,000".
and penalties
(2) Section 37(3) is amended by substituting "$50,000", "$100,000" and "$250,000" for "$10,000", "$20,000" and "$50,000", respectively.
20. Sections 41 and 41A are repealed and the following substituted Section
"Royalty
Ty
19
*
41. (1) A licensee shall, as regards each of its account- ing years, pay to the Government a royalty determined by reference to the amounts which, having regard to this section, are the appropriate amounts for fees or other charges in respect of advertising, whether in the form of display or other advertisements, advertising magazine programmes, sponsored or promoted programmes or in any other form of broadcast by the licensee, and as regards a particular such year the amount of such royalty shall be determined in accordance with the following rates—
(a) where such amounts for that year do not exceed
$100 million, 1 per cent of that $100 million;
(b) where such amounts for that year exceed $100
million-
(i) as regards the first $100 million of those amounts, 1 per cent of those amounts;
(ii) as regards the second $100 million of those amounts (or in case those amounts are less than $200 million but are not less than $100 million, as regards the excess over $100 million), 5 per cent of that $100 million or excess;
(iii) as regards the third $100 million of those amounts (or in case those amounts are less than $300 million but are not less than $200 million, as regards the excess over $200 million), 10 per cent of that $100 million or excess;
(iv) as regards the fourth $100 million of those amounts (or in case those amounts are less than $400 million but are not less than $300 million, as regards the excess over $300 million), 15 per cent of that $100 million or excess;
(v) as regards the fifth $100 million of those amounts (or in case those amounts are less than $500 million but are not less than $400 million, as regards the excess over $400 million), 20 per cent of that $100 million or excess;
(vi) as regards those amounts in so far as they exceed $500 million, 25 per cent of the excess:
Provided that the amount of the royalty pay- able under this section as regards any such account- ing year shall not exceed an amount which is equal to 12 per cent of such appropriate amounts for that year.
substituted