Document ID: chunk:federal_register_of_legislation:C2005A00042:clause:1_19
Version: federal_register_of_legislation:C2005A00042
Segment Type: clause
Provision Reference: sch 1 cl 19
Character Range: 16735–17503

19  Subsection 14(1)
Repeal the subsection, substitute:

 (1) This section applies if either or both of the following:
 (a) any levy payable by a person under this Part in respect of leviable disposals of a particular chemical product during a period;
 (b) any understatement penalty payable in respect of the product for the period;
is not wholly paid on or before the prescribed date for payment of the levy, or the date stated under subsection 16(8A), as the case requires.

 (1A) The person immediately becomes liable to pay a late payment penalty of:
 (a) if the total amount of levy and understatement penalty that is unpaid is not more than $10,000—$200; or
 (b) if the total amount of levy and understatement penalty that is unpaid is more than $10,000—$400.