149
CurrentOutstanding levy and interest
Part 5Taxes, levies and Racing and Wagering Fund
Division 2Levies
149 Outstanding levy and interest
(1)
If a licensee fails to pay the levy in accordance with this Act:
(a) the licensee must pay interest calculated at 10% per year (calculated daily) on the outstanding amount of the levy; and
(b) the Commission may suspend the licence until the levy and interest is paid.
(2) The amount of any outstanding levy and interest under subsection (1) is a debt due and payable to the Territory.
This Act’s bill:Explanatory statementSecond reading speech
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