97AAPrescribed fees payable to CASA

97AA Prescribed fees payable to CASA

(1) A fee prescribed by regulations made under a provision of this Act is payable to CASA. (2) An unpaid fee is a debt due to CASA and recoverable by CASA in a court of competent jurisdiction. (3) The regulations may make provision for the collection and recovery of any unpaid fees. In particular, the regulations may: (a) prescribe the time when fees are due for payment; and (b) prescribe penalties for late payment of fees. (4) A penalty prescribed by the regulations must not exceed a penalty equivalent to 1.5% of the unpaid amount of the fee for each month or part of a month during which the fee is unpaid, calculated from the date on which the fee is due and payable, and compounded.