67JPenalty for late payment

#### 67J Penalty for late payment (1) If a contribution is not paid in full within the period referred to in subsection 67H(2), the Entity or Commonwealth authority is liable to pay, in addition to the contribution, a penalty equal to the determined percentage of the sum of the unpaid contribution and any unpaid penalty, calculated at the end of each month or part of a month after the end of that period until the contribution is paid in full. (2) The determined percentage is such percentage as the Commission determines with the approval of the Minister but not exceeding: (a) 1.5%; or (b) if another percentage is prescribed—that other percentage.