66QPenalty for failure to pay royalty or levy

66Q Penalty for failure to pay royalty or levy (1) This section applies if the royalty or levy imposed in respect of an individual abalone quota unit has not been paid within 14 days of the date that the payment of the royalty or levy was due. S. 66Q(2) amended by No. 68/2016 s. 89. (2) If this section applies, the Victorian Fisheries Authority may serve a written notice on the holder of the individual abalone quota unit specifying that the entitlement under the individual abalone quota unit is suspended until the relevant royalty or levy is paid. (3) A copy of a notice served under subsection (2) must be sent to each holder of a registered financial interest in the individual abalone quota unit within 7 days of the notice being served under subsection (2). (4) If the relevant royalty or levy has not been paid within 12 months of the notice being served under subsection (2), the individual abalone quota unit is cancelled on the day after the end of the period of 12 months. S. 66R inserted by No. 58/2005 s. 7.