14Late payment penalty

14 Late payment penalty

(1) This section applies if either or both of the following: (a) any levy payable by a person under this Part in respect of leviable disposals of a particular chemical product during a period; (b) any understatement penalty payable in respect of the product for the period; is not wholly paid on or before the prescribed date for payment of the levy, or the date stated under subsection 16(8A), as the case requires. (1A) The person immediately becomes liable to pay a late payment penalty of: (a) if the total amount of levy and understatement penalty that is unpaid is not more than $10,000—$200; or (b) if the total amount of levy and understatement penalty that is unpaid is more than $10,000—$400. (2) The collecting agency may remit the whole or a part of an amount of late payment penalty.

Note: If any late payment penalty payable in respect of a chemical product is not paid, the Agvet Codes provide that the APVMA may refuse to renew the registration of the product.