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In most cases, it forbids companies from raising interest rates on existing balances and prevents them from juggling due dates to trigger penalty fees.
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These have had the effect of reducing the stakes held by parties subject to sanctions below thresholds that would trigger penalties against their businesses.
This can happen in several ways: a compensation scheme for businesses which reduces Royal Mail's future revenues, a quality benchmark that it must meet or trigger penalties - known as the 'C factor' - and direct fines from Postcomm.
The regulator does not approve or veto transactions but it confirms whether or not they might trigger penalties under its moral-hazard powers.This role in clearing deals seemed quite sensible until the regulator's first major decision, which was not about a viable company but one teetering on the edge of insolvency.
Moreover, these days it's not only frivolous tax returns that trigger penalties but frivolous other tax forms, too.
However, repayment schedules are strict and failure to repay may trigger penalties and taxes.
OO Australia Risks Missing Clean Power Goals -- And Households Will Pay For Itl - as interim goals will be missed and trigger penalties that households will have to pay.
But earlier this month the real fell below the band specified in the contracts, triggering penalty clauses.
One of Britain's leading banks is quietly altering its systems so that customers can unknowingly breach overdraft agreements, triggering penalty charges in the process, documents obtained by the Guardian show.
As the calendar counts down through a lobbyist-induced, eight-month delay to the law's effective date, the card companies have been infuriating consumers by hiking rates on existing balances, lowering credit limits and inventing new ways to induce late payments and trigger multiple penalty fees.
But the environment minister, Greg Hunt, and the resources minister, Ian Macfarlane – who brokered the deal on the RET with Labor – insisted its primary aim was not to reduce the amount of renewable energy built, or to reduce the number of windfarms, but to prevent the industry from failing to reach the original target, which would then trigger a penalty price that would force power prices up.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com