16Late payment fee

16 Late payment fee

16 Late payment fee

(1) For the purposes of sections 58B(2)(b) and 58C(3)(b)(ii) of the Act, a late payment fee of the following amount is payable if the periodic licence fee payable for a licence has not been paid before the expiration of 28 days after the due date for payment—

(a) for a multi-function limited licence—0.55 fee units,

(b) for any other type of licence—1.1 fee units.

(2) The Secretary may waive or refund all or part of a late payment fee payable under this clause in any circumstances that the Secretary considers appropriate.

(3) It is a condition of a licence that any late payment fee payable for the licence that has not been waived must be paid before the expiration of 28 days after the due date for payment of the periodic licence fee.