Late payment penalty
39G Late payment penalty
If any charge payable by a person (other than a visitor) remains unpaid after the time when it became due for payment, the person is liable to pay, by way of penalty, an amount (the late payment penalty) equal to:
the amount worked out at the rate of 20% per annum of the amount unpaid, as at the time the amount unpaid became due for payment; or
if the amount worked out under paragraph (a) is less than $250—$250.
If a collected amount payable by a person remains unpaid after the time when it became due for payment, the person is liable to pay, by way of penalty, an amount (the late payment penalty) equal to:
the amount worked out at the rate of 20% per annum of the amount unpaid, as at the time the amount unpaid became due for payment; or
if the amount worked out under paragraph (a) is less than $250—$250.
If a penalty amount payable by a person remains unpaid after the time when it became due for payment, the person is liable to pay, by way of penalty, an amount (the late payment penalty) equal to:
the amount worked out at the rate of 20% per annum of the amount unpaid, as at the time the amount unpaid became due for payment; or
if the amount worked out under paragraph (a) is less than $250—$250.
The Authority may, on behalf of the Commonwealth, remit the whole or a part of an amount of late payment penalty.
The Authority’s powers under subsection (2) may be exercised:
on the Authority’s own initiative; or
at the request of a person who is liable to pay late payment penalty.
If the Authority makes a decision under subsection (2) in relation to late payment penalty payable by a person, the Authority must give written notice of its decision to the person.
If:
the Authority makes a decision under subsection (2) in relation to late payment penalty payable by a person; and
the decision was made as the result of a request made by the person;
the notice of the decision must also set out the reasons for the decision.
If 2 or more persons (the holders) are liable to pay the same late payment penalty because a chargeable permission is held by them jointly, the holders are jointly and severally liable to pay the late payment penalty.
This Act’s bill:Second reading speech
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