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accordance with this Part.
 (2) The amount is calculated, for each day the charge remains unpaid from that time, by multiplying the daily rate worked out by reference to the rate of late payment penalty mentioned in section 7 for the day by the sum of so much of the following amounts as remain unpaid:
(a) annual charge;
(b) late payment penalty in respect of previous days.
7 Rate of late payment penalty
In order to work out the daily rate referred to in subsection 6(2), the rate of late payment penalty is:
        (a) 20% per annum; or
         (b) if, for any day, the previous financial year average GIC rate is less than 20% per annum – the previous financial year average GIC rate.
8 Attribution of payments made to the ACMA
 (1) This section applies if a person:
 (a) is liable to pay an annual charge; and
 (b) is liable to pay a late payment penalty on the annual charge; and
 (c) pays an amount of money to the ACMA without any attribution by the person or the ACMA as to how the money is to be credited to the annual charge and the late payment penalty.
 (2) The person's payment is to be credited to the amount of annual charge first, and is to be credited to the amount of the late payment penalty only if all of the amount of annual charge is paid.
         Part 4 Decisions about remission of late payment penalty
9 Remission of late payment penalty: general
 (1) For the purposes of subsection 468(6) of the Act, the ACMA may decide:
 (a) to remit all, or a part, of an amount of late payment penalty payable by a person; or
 (b) not to remit any part of an amount of late payment penalty payable by a person.
 (2) The person may apply to the ACMA, in writing, to remit all or part of the amount.
 (3) An application for remission must be:
 (a) made within 120 days after the time when the annual charge became due for payment; and
 (b) in a form approved in writing by the ACMA.
 (4) However, the ACMA may:
 (a) make a decision under subsection (1) irrespective of whether or not it has received an application for remission; and
 (b) remit all or part of the amount only for a reason set out in section 10.
10 Remission of late payment penalty: reasons
 (1) A reason for remission is that the ACMA is satisfied that:
 (a) the circumstances that contributed to the delay in payment of the annual charge were not due to an act or omission of the person, and were not caused, directly or indirectly, by an