61PBLate payment penalty

#### 61PB Late payment penalty (1) If an amount of levy payable by a person remains unpaid after the time when it became due for payment, the person is liable to pay, by way of penalty, an amount calculated at the rate of: (a) 20% per annum; or (b) if the Register rules specify a lower percentage—that lower percentage per annum; on the amount unpaid, calculated from the start of the day after that time occurred until the end of the day before the day when the amount of levy is paid in full. (2) Penalty payable under subsection (1) is to be known as late payment penalty. Remission of late payment penalty (3) The ACMA may remit the whole or a part of an amount of late payment penalty. Review of decisions (4) Applications may be made to the Administrative Review Tribunal for review of a decision of the ACMA to refuse to remit the whole or a part of an amount under subsection (3).