25APRA may extend period for payment of penalty

25 APRA may extend period for payment of penalty

(1) APRA may, by writing, extend, in relation to a particular person, the period referred to in paragraph 20(1)(e). (2) The power of APRA under subsection (1) to extend the period may be exercised before or after the end of the period. (3) If APRA extends a period under subsection (1), a reference in this Division, or in a notice or other instrument under this Division, to the period is taken, in relation to the person, to be a reference to the period as so extended.