Licence fees and returns
4 Licence fees and returns
For the purposes of section 19(2)(a) of the Act, the prescribed date is 1 August in each year of the licence.
For the purposes of section 19(2)(b) of the Act, the prescribed date is 14 days after the date the annual return is lodged under section 19(2)(a) of the Act.
For the purposes of section 19(5) of the Act, the maximum penalty:
for failing to lodge an annual return – is 85 penalty units and
4 penalty units for each day after the date the annual return was required to be lodged during until the day the annual return is lodged; and
for failing to pay an annual licence fee or an instalment of an annual licence fee – is 10% of the amount outstanding calculated daily on a cumulated basis from the date the fee was required to be paid under section 19 of the Act until the date the fee is paid.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.