CTHIn ForceLegislation
Telecommunications (Payment of Annual Carrier Licence Charge) Determination 2023
9Rate of late payment penalty
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9 Rate of late payment penalty
In order to work out the daily rate referred to in subsection 8(2), the rate of late payment penalty is:
(a) 20% per annum; or
(b) if, for any day, the previous financial year average GIC rate is less than 20% per annum – the previous financial year average GIC rate.