S.L. 246.2 Art. 6Penalties.

(1) The failure to fulfil any commitment undertaken by the applicant in the application, shall constitute an offence under the

Act and the applicant, or the person or persons responsible for the management, where the applicant is a juridical person, shall be liable, on conviction, to a fine not exceeding twenty-three thousand euro (23,000) and in the case of a continuing offence, to a further fine of not less than two hundred and thirty euro (230) and not exceeding two thousand and three hundred euro (2,300) for each day during which the offence continues.

(2) The Minister may, furthermore and without prejudice to any other remedy or penalty, at any time revoke the Special Designated Area status of an area by notice published in the Gazette in the event that:

(a) the applicant has made any false declaration or otherwise given incorrect or incomplete information or failed to disclose a material fact which has had, or may have had if disclosed, a bearing on the approval of the application; or

(b) the applicant has failed to fulfil any of the commitments undertaken by him in the application within ten years from the issue of the Order designating the area as a Special Designated Area; or

(c) the applicant has failed to complete the projected development within ten years from the issue of the Order designating the area as a Special Designated Area:

Provided that such revocation shall not be imposed retroactively and shall not prejudice the Special Designated Area status of any property in the area which has been validly transferred to third parties prior to the date of such revocation.