108Newcastle licence holders must pay levy

108 Newcastle licence holders must pay levy

108 Newcastle licence holders must pay levy

(1) A Newcastle licence holder must pay an annual levy in relation to the Newcastle monitoring program under this Part.

(2) The EPA, during a levy period, must provide written notice to each Newcastle licence holder of the amount of the annual levy the licence holder is required to pay for the levy period.

Note—

The amount will be based on an estimate made by the EPA under section 109.

(3) The amount must be paid—

(a) within 30 days after the notice is given by the EPA, or

(b) by a later date specified by the EPA in the notice.

(4) If an amount is not paid by the due date, the amount must be increased by the amount of simple interest calculated at the rate of 25% per year on the amount unpaid for each day that elapses after the due date and before the date of payment.

(5) The EPA may, if it considers it appropriate to do so, reduce its costs in relation to a levy period to take account of arrears paid in relation to an earlier levy period.