7Payment of amounts

7 Payment of amounts

(1) An amount paid to the ACMA on behalf of the Commonwealth under this instrument must be paid in Australian currency. (2) An amount must be paid by bank cheque or by electronic transfer. (3) An electronic transfer must be made into the bank account with the following details: (a) Bank—ANZ Bank; (b) Branch—Belconnen; (c) BSB number—012-951; (d) Account number—8379 24272; (e) Account name—ACMA Official Administered Receipts. (4) An amount is taken to have been paid by a deadline specified in this instrument if: (a) the ACMA receives a bank cheque for the full amount on or before the deadline; or (b) both: (i) the ACMA receives evidence that an electronic transfer of the full amount was made on or before the deadline (such as a transfer receipt); and (ii) the amount is received in the ACMA’s bank account specified in subsection (3) no later than 3 working days after the deadline; or (c) the ACMA receives other evidence which satisfies the ACMA that the person making the payment has taken all reasonable steps to pay the amount on or before the deadline. (5) An amount payable under this instrument is not paid in full if bank charges or government duties imposed on a payment reduce the net payment to less than the amount payable.

Note: The effect of this subsection is that an applicant or bidder must add the value of any bank charge or government duty to the amount of a payment.

(6) If an amount payable under this instrument is not an amount of whole dollars, the amount is rounded up to the next dollar.