(1) This regulation applies where a person is appealing to the Competition Appeal Tribunal against a decision to impose a penalty under regulation 127 (penalty).
(2) The person may appeal against -
(a) the imposition of the penalty;
(b) the amount of the penalty; or
(c) any date by which the penalty, or any part of it, is required to be paid.
(3) The means of making an appeal is by sending the Competition Appeal Tribunal a notice of appeal in accordance with Tribunal rules.
(4) The notice of appeal must be sent within the period specified, in relation to the decision appealed against, in those rules.
(5) The Competition Appeal Tribunal may do any of the following -
(a) uphold the penalty;
(b) set aside the penalty;
(c) substitute for the penalty a penalty of an amount decided by the Competition Appeal Tribunal;
(d) vary any date by which the penalty, or any part of it, is required to be paid.
(6) If an appeal is made in accordance with this regulation, the penalty is not required to be
…