Document ID: chunk:federal_register_of_legislation:C2004A01257:clause:1_9
Version: federal_register_of_legislation:C2004A01257
Segment Type: clause
Provision Reference: sch 1 cl 9
Character Range: 7778–8378

9  After subsection 39G(1)
Insert:

 (1A) If a collected amount payable by a person remains unpaid after the time when it became due for payment, the person is liable to pay, by way of penalty, an amount (the late payment penalty) calculated at the rate of 20% per annum on the amount unpaid, computed from that time.

 (1B) If a penalty amount payable by a person remains unpaid after the time when it became due for payment, the person is liable to pay, by way of penalty, an amount (the late payment penalty) calculated at the rate of 20% per annum on the amount unpaid, computed from that time.