Water Regulation 2016

A charge under section 133—

may be levied—

for the period decided by the chief executive; or

if the chief executive does not decide a period—quarterly; and

may be levied by giving notice to the holder of the authorisation under which water is taken; and

becomes payable on the day the notice is given; and

must be paid within 30 business days after the notice is given.

If any part of the charge remains unpaid after 30 business days, the late fee prescribed under section 1013A(2) of the Act is the interest, accruing daily at the rate that is 2% above the Suncorp Metway Ltd business banking variable lending base rate, on the part of the charge.

The interest starts accruing on the day immediately after the charge became payable and ends on the day the charge is paid in full, both days inclusive.

A notice given under subsection (1)(b) must state—

the amount of the charge and the period for which it is levied; and

the time and place for payment; and

that a late fee is payable on any part of the charge remaining unpaid after 30 business days; and

how the late fee is calculated under subsections (2) and (3).