Document ID: chunk:federal_register_of_legislation:C2010C00646:clause:6_16e
Version: federal_register_of_legislation:C2010C00646
Segment Type: clause
Provision Reference: sch 6 cl 16E
Character Range: 46837–47431

16E  After subsection 222AOD(1)
Insert:

 (1A) If:
 (a) after the payment day, a person becomes, or again becomes, a director of the company at a time when section 222AOBAA has not yet been complied with in relation to the payment or payments relating to the payment day; and
 (b) at the end of 14 days after the person becomes a director, that section has still not been complied with in relation to that payment or those payments;
the person is liable to pay to the Commissioner, by way of penalty, an amount equal to the unpaid amount of the liability referred to in subsection 222AOC(1A).