Section 114 — Welfare Reform Act 2012: Amount of penalty

Amount of penalty 114 1 In section 115A of the Social Security Administration Act 1992 (penalty as alternative to prosecution), for subsection (3) there is substituted— 3 The amount of the penalty in a case falling within subsection (1) is 50% of the amount of the overpayment (rounded down to the nearest whole penny), subject to—

a a minimum amount of £350, and b a maximum amount of £2000. 3A The amount of the penalty in a case falling within subsection (1A) is £350. 3B The Secretary of State may by order amend—

a the percentage for the time being specified in subsection (3);

b any figure for the time being specified in subsection (3)(a) or (b) or (3A).

2 In section 190 of that Act (parliamentary control of orders and regulations), in subsection (1), before paragraph (za) there is inserted— zza an order under section 115A(3B); .