Document ID: chunk:federal_register_of_legislation:C2024C00524:section:147
Version: federal_register_of_legislation:C2024C00524
Segment Type: section
Provision Reference: s 147
Character Range: 167125–167682

147  Charge—late payment penalty
 (1) The regulations may provide that, if any charge under section 146 remains unpaid by the body or person liable after the time when it became due for payment, the body or person is liable to pay to the Authority, by way of penalty, an amount calculated at the rate of:
 (a) 20% per year; or
 (b) if the regulations specify a lower percentage—that lower percentage per year;
on the amount unpaid computed from that time.
 (2) A penalty under this section may be recovered by the Authority as a debt due to the Authority.