Penalties
50.—(1)  Subject to paragraphs (2) and (3), where the Authority is of the opinion that an operator of an aerodrome is contravening or has contravened —
(a)any condition of the operator’s aerodrome certificate or heliport certificate, as the case may be; or
(b)any provision in Part 2, 3 or 4 other than a provision in regulations 4, 5, 6 and 16(1) and (2),
the Authority may direct the operator to pay a financial penalty not exceeding the higher of the following:
(c)$500,000;
(d)5% of the operator’s annual revenue derived from the regulated activity.
(2)  Before exercising any power under paragraph (1), the Authority must give written notice to the operator concerned —
(a)stating that the Authority intends to impose on the operator a financial penalty under this regulation;
(b)specifying each instance of non‑compliance that is the subject of the financial penalty; and
(c)specifying the time (being not less than 14 days after the service of notice on the operator) within which written representations may be made to the Authority with respect to the non‑compliance that is the subject of the financial penalty.
(3)  The Authority may, after considering any written representations under paragraph (2)(c), decide to impose any financial penalty under paragraph (1) that the Authority considers appropriate.
(4)  Where the Authority has made any decision under paragraph (3) against any operator of an aerodrome, the Authority must serve on the operator concerned a notice of the Authority’s decision.
(5)  To avoid doubt, this regulation does not affect the operation of section 17, 18 or 19 of the Act.
(6)  In this regulation —
“annual revenue” means the amount of money received by an operator of an aerodrome in the calendar year during which the operator contravened —
(a)a condition of the operator’s aerodrome certificate or heliport certificate (as the case may be) relating to the aerodrome; or
(b)a provision in Part 2, 3 or 4 (not being a provision in regulation 4, 5, 6 or 16(1) or (2));
“regulated activity”, in relation to an operator of an aerodrome, means the operation of the aerodrome by the operator specified in the operator’s aerodrome certificate or heliport certificate, as the case may be.