29
In forcePenalty for late payment
Part 5Levies
29 Penalty for late payment
(1)
Where an employer fails to furnish a return or to pay a levy as and when required by or under this Act—
(a)
the amount of any levy in arrears will be increased by penalty interest at the prescribed rate; and
(b)
the Board may impose on the employer a fine of an amount (not exceeding the prescribed amount) fixed by the Board.
(2)
The Board may for any proper reason remit penalty interest or a fine imposed under subsection (1) wholly or in
part.
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