Greenhouse Gas Storage Act 2009
sec.87Civil penalty for non-payment of annual rent
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sec.87 Civil penalty for non-payment of annual rent
If a GHG permit holder does not pay the annual rent as required under section 86 , the holder must also pay the State a civil penalty. The amount of the penalty is 15% of the rent. The penalty— must be paid on the day after the last day for payment of the rent; and is still payable even if the holder later pays the rent. See also section 372 (Interest on amounts owing to the State). (sec.87-ssec.1) If a GHG permit holder does not pay the annual rent as required under section 86 , the holder must also pay the State a civil penalty. (sec.87-ssec.2) The amount of the penalty is 15% of the rent. (sec.87-ssec.3) The penalty— must be paid on the day after the last day for payment of the rent; and is still payable even if the holder later pays the rent. See also section 372 (Interest on amounts owing to the State).
- (a) must be paid on the day after the last day for payment of the rent; and
- (b) is still payable even if the holder later pays the rent.