25GPenalty for late payment

25G Penalty for late payment

[Section 25G of Part 5 Inserted by No. 116 of 2001, s. 7, Applied:24 Aug 2001]

(1)  If the whole or any part of the levy payable is not paid by the due date, the owner of the nett area of forest operation is liable to a penalty calculated at the rate of 20% a year of the amount unpaid as from that due date.

(2)  The Authority, by notice in writing, may exempt the owner from payment of all or part of a penalty payable under subsection (1) if satisfied that –

(a) notice of the amount of the levy, that the Authority was required to provide to the owner under section 25E , was not provided; or

(b) notice of the amount of the levy, that the Authority was required to provide to the owner under section 25E , was not provided within the time specified in that section and it would be unjust not to grant the exemption; or

(c) the payment would cause the owner undue hardship.