Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:2_91zc
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 2 cl 91ZC
Character Range: 61070–62089

91ZC  Failure to pay amounts deducted to Commissioner

 (1) Where an amount (the principal amount) payable to the Commissioner by a person other than the Commonwealth under subsection 91Z(1) remains unpaid at the end of the period within which it is required to be paid:
 (a) the principal amount continues to be payable by the person to the Commissioner; and
 (b) the person is liable to pay to the Commissioner, by way of penalty, the amount worked out under subsection (2) or (3).

 (2) If the person is not a government body, the amount is the sum of:
 (a) an amount (the relevant penalty amount) equal to 20% of the principal amount; and
 (b) an amount at the rate of 16% per annum of the sum of so much of the principal amount as remains unpaid and so much of the relevant penalty amount as remains unpaid, worked out from the end of that period.

 (3) If the person is a government body, the amount is 16% per annum of so much of the principal amount as remains unpaid, worked out from the end of that period.