(1)Where a penalty order is made in relation to a registered person, he shall pay to the Board the sum specified in the order.
(2)A penalty order may not specify a sum exceeding the amount which, at the relevant time, is the amount specified as level 4 on the standard scale of fines for summary offences.
In this subsection “the relevant time” means—
(a)in a case within subsection (1)(a) of section 15, the time of the conduct or incompetence of which the registered person is found guilty; and
(b)in a case within subsection (1)(b) of that section, the time when he committed the criminal offence of which he has been convicted.
(3)A penalty order shall specify the period within which the sum specified in it is to be paid.
(4)If the person in relation to whom a penalty order is made does not pay the sum specified in the order within the period so specified, the Professional Conduct Committee may make a suspension order or an erasure order in relation to him.
(5)The Board shall pay into the Consolidated Fund any sum paid under a penalty order.