94QLate payment fee

#### 94Q Late payment fee 94Q Late payment fee > > (1) If a fee payable under this Part is not paid within the time required under this Part, the Secretary may charge a late payment fee in respect of the fee, calculated at the rate of 15% of the overdue amount per annum compounded quarterly (or, where another rate is prescribed by the regulations, that other rate). > > > (2) A late payment fee may be charged for any days in the period starting at the end of the day the fee was required to be paid and ending on (and excluding) the day the fee is paid. > > > (3) A late payment fee is taken to form part of, and is recoverable in the same way as, the fee in respect of which it is payable. > > **ss 94Q–94S:** Ins 2012 No 46, Sch 6.1 \[12\].