150YTPipeline safety management plan levy

#### 150YT Pipeline safety management plan levy When pipeline safety management plan levy becomes due and payable (1) Pipeline safety management plan levy imposed by the Safety Levies Act becomes due and payable at the time specified in, or worked out in accordance with, the regulations. Late payment penalty (2) If pipeline safety management plan levy payable by a person under the Safety Levies Act remains wholly or partly unpaid after it becomes due and payable, the person is liable to pay a late payment penalty under this section. (3) The late payment penalty is calculated at the rate of 0.33% per day on the amount of the pipeline safety management plan levy remaining unpaid. (4) The Safety Authority may remit the whole or a part of an amount of late payment penalty if the Safety Authority considers that there are good reasons for doing so. Recovery of pipeline safety management plan levy and late payment penalty (5) Each amount of pipeline safety management plan levy, and each amount of late payment penalty payable in respect of pipeline safety management plan levy: (a) is a debt due to the Safety Authority on behalf of the Commonwealth; and (b) is recoverable by the Safety Authority, on behalf of the Commonwealth, in a court of competent jurisdiction.