(1) A financial penalty imposed on a body under this section is a financial penalty of such amount as the Secretary of State considers appropriate, subject to subsection (2).
(2) In deciding what amount is appropriate the Secretary of State -
(a) must have regard to the nature of the requirement which is not satisfied or the obligation which has not been complied with; and
(b) must not take into account the Secretary of State's costs in discharging functions under this Part.
(3) A financial penalty under this section is payable to the Secretary of State.
(4) In sections 1225E to 1225G, references to a penalty are to a financial penalty under this section.