11Late payment penalty

11 Late payment penalty

(1) If any levy payable by a person is not wholly paid on or before the prescribed date for payment of the levy, the person immediately becomes liable to pay a late payment penalty of: (a) subject to paragraph (b)—$200; or (b) if another amount is prescribed by the regulations for the purposes of this section and is applicable in respect of that prescribed date for payment—that other amount. (2) The APVMA may waive the whole or a part of the liability to pay an amount of late payment penalty.