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SINGAPORE: Telecommunication companies in Singapore could face harsher penalties as the government mulls possible regulatory changes.
In a consultation paper put out on Friday, the Ministry of Information, Communications and The Arts (MICA) says it is looking to improve the Telecommunications Act.
That's because there have been significant developments in the telecoms industry since the Act was last amended five years ago.
MICA says the proposed revisions will ensure that the law remains relevant and sufficient to regulate the rapidly changing telecom industry while encouraging vibrancy and competition in the sector.
The infocomm industry has expanded steadily over the years and total revenue has grown from S$30.7 billion in 2001 to S$62.7 billion in 2009.
Among the proposed amendments is an upward revision of the fine imposed for breaches of licence conditions, codes of practice and standards of performance.
Currently, firms that flout the rules under the Telecoms Act could be fined up to S$1 million.
MICA says this amount is low and may not be effective to deter non-compliance with regulatory conditions.
So, it is looking to revise the fine to 10 percent of the company's annual turnover or S$1 million, whichever is higher.
MICA also proposes to empower the industry regulator Infocomm Development Authority of Singapore (IDA) to take action if the offender does not pay up within a specified period.
IDA could suspend or cancel the whole or part of a licence, or reduce the period which a licence is to be in force.
Another change is the inclusion of a Special Administration Order which will allow the Minister to direct another party to take over the control of a licensee's affairs, business and property.
MICA says this provision will enable the Minister to manage the licensee and their property in specific situations where public interests are put at risk.
But it assures that this will be done in a manner where the interests of shareholders and creditors of licensee are protected.
MICA aims to table the Telecommunications (Amendment) Bill in Parliament by early next year.
It invites views and comments to be submitted in writing by 5pm on 24 September.
- CNA/ir
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