s 595
In forceLate payment fee
Volume 2s 404-645, Endnotes
Chapter 11Miscellaneous
Part 3Cost recovery
Division 4Unpaid cost‑recovery charges
Subdivision AGeneral
595 Late payment fee
(1)
If the regulations specify the time when a cost‑recovery charge (the basic charge) is due and payable, the regulations may also specify a fee (a late payment fee) that is due and payable if the basic charge is not paid at or before that time.
(2)
Without limiting subsection (1), a late payment fee may relate to each day or part of a day that the basic charge remains unpaid after becoming due and payable.
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