Document ID: chunk:federal_register_of_legislation:F2024C00829:reg:110
Version: federal_register_of_legislation:F2024C00829
Segment Type: reg
Provision Reference: reg 110
Character Range: 216448–217450

110  Late payment fee for certain unpaid cost‑recovery charges
 (1) For subsection 595(1) of the Act, this section provides for a late payment fee in relation to certain cost‑recovery charges.
 (2) If a cost‑recovery charge referred to in section 108 is not paid at or before the time the charge is due and payable, a late payment fee, worked out in accordance with subsection (4), is due and payable in addition to the charge.
 (3) If an instalment of a cost‑recovery charge referred to in paragraph 108(4)(b) is not paid at or before the time the instalment is due and payable, a late payment fee, worked out in accordance with subsection (4), is due and payable in addition to the instalment.
 (4) The late payment fee is:
where:
days overdue is the number of days after the relevant charge is due and payable that elapse before the day on which the relevant charge is paid.
relevant charge means a cost‑recovery charge referred to in subsection (2) or an instalment referred to in subsection (3).