Document ID: chunk:federal_register_of_legislation:C2024C00828:section:695m:p2
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 695M (pt 2/2)
Character Range: 1841096–1842348

certain number of blocks or a certain length of pipeline under section 271.

Late payment penalty
 (4) If annual titles administration levy payable by a person under the Regulatory Levies Act remains wholly or partly unpaid after it becomes due and payable, the person is liable to pay a late payment penalty under this section.
 (5) The late payment penalty is calculated at the rate of 0.333333% per day on the amount of the annual titles administration levy remaining unpaid.
 (6) The Titles Administrator may remit the whole or a part of an amount of late payment penalty if the Titles Administrator considers that there are good reasons for doing so.

Recovery of annual titles administration levy and late payment penalty
 (7) Each amount of annual titles administration levy, and each amount of late payment penalty payable in respect of titles administration levy:
 (a) is a debt due to the Titles Administrator on behalf of the Commonwealth; and
 (b) is recoverable by the Titles Administrator, on behalf of the Commonwealth, in:
 (i) the Federal Court; or
 (ii) the Federal Circuit and Family Court of Australia (Division 2); or
 (iii) a court of a State or Territory that has jurisdiction in relation to the matter.

Division 5—Miscellaneous