sec.170Penalty for late payment

sec.170 Penalty for late payment

An authority holder must pay to the chief executive a penalty on an amount or value of wagering authority fee or wagering authority administration fee outstanding (the unpaid amount ) as at the end of the period allowed for payment. The penalty is the percentage prescribed under a regulation of the unpaid amount. An additional penalty is payable by the authority holder to the chief executive for any part of the unpaid amount, and any previous penalty, remaining unpaid— 1 month after the end of the period allowed for payment of the unpaid amount; and at the end of each succeeding month starting— on the day of the month corresponding to the day mentioned in paragraph (a) ; or if there is no corresponding day—on the first day of the following month. The additional penalty is the percentage prescribed under a regulation of each unpaid or other amount for which the penalty is payable. A penalty, or a part of a penalty, is not payable if the chief executive, for a reason the chief executive considers appropriate, decides the penalty, or the part of the penalty, need not be paid. s 170 amd 1999 No. 38 s 80 ; 2018 No. 13 s 84 (sec.170-ssec.1) An authority holder must pay to the chief executive a penalty on an amount or value of wagering authority fee or wagering authority administration fee outstanding (the unpaid amount ) as at the end of the period allowed for payment. (sec.170-ssec.2) The penalty is the percentage prescribed under a regulation of the unpaid amount. (sec.170-ssec.3) An additional penalty is payable by the authority holder to the chief executive for any part of the unpaid amount, and any previous penalty, remaining unpaid— 1 month after the end of the period allowed for payment of the unpaid amount; and at the end of each succeeding month starting— on the day of the month corresponding to the day mentioned in paragraph (a) ; or if there is no corresponding day—on the first day of the following month. (sec.170-ssec.4) The additional penalty is the percentage prescribed under a regulation of each unpaid or other amount for which the penalty is payable. (sec.170-ssec.5) A penalty, or a part of a penalty, is not payable if the chief executive, for a reason the chief executive considers appropriate, decides the penalty, or the part of the penalty, need not be paid.

• (a) 1 month after the end of the period allowed for payment of the unpaid amount; and
• (b) at the end of each succeeding month starting— (i) on the day of the month corresponding to the day mentioned in paragraph (a) ; or (ii) if there is no corresponding day—on the first day of the following month.
• (i) on the day of the month corresponding to the day mentioned in paragraph (a) ; or
• (ii) if there is no corresponding day—on the first day of the following month.
• (i) on the day of the month corresponding to the day mentioned in paragraph (a) ; or