(1)The Commission shall prepare and publish a statement of policy in relation to the imposition of penalties and the determination of their amount.
(2)In deciding whether to impose a penalty, and in determining the amount of any penalty, the Commission shall have regard to the statement of policy which was most recently published at the time when the contravention concerned occurred.
(3)The Commission may revise its statement of policy and, where it does so, it shall publish the revised statement.
(4)Publication under this section shall be in such manner as the Commission considers appropriate for the purpose of bringing the matters contained in the statement of policy to the attention of persons likely to be affected by them.
(5)The Commission shall consult the Council and such other persons as it considers appropriate when preparing or revising its statement of policy.