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MONETARY UNITS REGULATIONS 2004 (SR NO 88 OF 2004) - SCHEDULE 2

SCHEDULE 2

Sch.

CONVERSION OF PENALTY UNITS TO MONETARY AMOUNTS

        1.     Petroleum (Submerged Lands) Regulations 2001, S.R. No. 98/2001

In regulations 16(2), 17(2) and 18(3)—

        (a)     for "110 penalty units" (wherever occurring) substitute "$11 000";

        (b)     for "550 penalty units" (wherever occurring) substitute "$55 000".

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