Document ID: chunk:federal_register_of_legislation:C2025C00158:section:9:p2
Version: federal_register_of_legislation:C2025C00158
Segment Type: section
Provision Reference: s 9 (pt 2/2)
Character Range: 20599–22641

on outstanding unpaid amount of $900
 The penalty for each of the penalty days 16‑30 September is 60 cents (which is 0.02 divided by 30 and the result multiplied by $900).
 The total penalty for the penalty days 16‑30 September is $9 (equal to the daily penalty of 60 cents multiplied by 15).
 The total penalty for September is $21.
 Calculation of penalty in October based on unpaid amount of $900 and total penalty of $21 for September
 The penalty for each of the penalty days 1‑9 October is as follows:
(a) the amount at step 1 is 0.02 divided by 31, which is 0.00064516129;
(b) the amount at step 2 is 0.00064516129 multiplied by $921 (the outstanding balance of $900 plus the $21 penalty for September), which is $0.59419354809;
(c) the amount at step 3 is 59 cents, which is the amount of the penalty for each of the penalty days 1‑9 October.
 The total penalty for the penalty days 1‑9 October is $5.31 (equal to the daily penalty of 59 cents multiplied by 9).
 Total penalty
 Since the outstanding balance of $900 is paid on 10 October, there is no further penalty. The total amount of penalty to be paid is $26.31 ($21 for September plus $5.31 for October).

When penalty is due and payable
 (4) The amount of penalty under this section for a day is due and payable to the Commonwealth at the end of that day.

Remission of penalty
 (5) The Secretary may remit the whole or a part of an amount of penalty under this section.
 (6) In deciding whether to do so, the Secretary:
 (a) must take into account the following:
 (i) whether the failure to pay the levy or charge, that resulted in the penalty, was the result of an honest mistake or inadvertence by the levy payer or charge payer;
 (ii) the circumstances in which that failure occurred;
 (iii) the amount of the penalty;
 (iv) the levy payer's or charge payer's history of compliance with this Act and the rules; and
 (b) may take into account any other matter that the Secretary considers relevant.

Division 3—Payment by collection agents of amounts equal to levy or charge