54Payment by instalments

54 Payment by instalments

54 Payment by instalments

(1) A person by whom an amount is payable on termination or expiration of a load reduction agreement may apply to the EPA for approval to pay the amount by instalments.

(2) If the EPA grants approval, the amount must be paid in the amounts and on the dates as the EPA specifies in the approval.

(3) If an instalment is not paid by the due date for its payment, an amount calculated at the late payment standard rate must be paid in addition to the instalment.