16Periodic fees and returns

16 Periodic fees and returns

(1)  For each period prescribed in the regulations, an accredited producer must, not later than the date prescribed in the regulations –

(a) pay to the Chief Inspector the fee prescribed in the regulations; and

(b) lodge with the Chief Inspector a return that conforms to the requirements of the Chief Inspector about its form, contents and the manner in which it is made.

(2)  If an accredited producer fails to pay a fee or lodge a return in accordance with this section, the Chief Inspector may, by written notice, require the producer to make good the default and, in addition, to pay to the Chief Inspector the amount prescribed in the regulations as a penalty for default.

(3)  If an accredited producer fails to comply with the notice within 14 days after the giving of the notice, the accreditation is suspended until the notice is complied with.

(4)  If an accredited producer fails to comply with the notice within 6 months after the giving of the notice, the accreditation is cancelled.

(5)  The Chief Inspector must cause written notice of the suspension or cancellation to be given to the producer.