Draft Online Safety Act 2023 (Qualifying Worldwide Revenue) Regulations 2025 Debate
Full Debate: Read Full DebateDepartment: Department for Science, Innovation & Technology
Michael Wheeler
Main Page: Michael Wheeler (Labour - Worsley and Eccles)Department Debates - View all Michael Wheeler's debates with the Department for Science, Innovation & Technology
Draft Online Safety Act 2023 (Qualifying Worldwide Revenue) Regulations 2025
Michael Wheeler Excerpts(2 days ago)
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Michael Wheeler (Worsley and Eccles) (Lab)
It is a pleasure to serve under your chairmanship, Dr Murrison. I have a couple of questions about the SI. Having worked for a regulator that was similarly funded by a charge on those regulated and the ability to levy fees, I question what power we are giving Ofcom to collect the fees charged. Is it explicit in the Act? It does not seem to be explicit in the SI. How is the penalties regime, albeit it relates to a different percentage of global revenue, actually worked out? Is global revenue worked out on the same method as that for the GDPR, under which companies can similarly be charged a proportion of global revenue if they get things wrong?