sec.72FFailure to pay an instalment under waste levy instalment agreement

### sec.72F Failure to pay an instalment under waste levy instalment agreement If an instalment of a waste levy amount is not paid on or before an instalment day under a waste levy instalment agreement— the waste levy instalment agreement is taken to be no longer in force; and the due date for payment of any waste levy amount provided for in the agreement becomes— if the amount, apart from the agreement, would have been required to be paid on a day later than the instalment day—the later day; or if the amount, apart from the agreement, would have been required to be paid on a day earlier than the instalment day—the day after the instalment day, or if that day is not a business day, the next business day; and for an amount mentioned in paragraph (b) (ii) , interest becomes payable on the amount as if the waste levy instalment agreement had not been entered into, but only on and from the day after the instalment day, whether or not the day after the instalment day is a business day. In this section— instalment day , under a waste levy instalment agreement, means a day when a payment is due under the agreement. s 72F ins 2019 No. 2 s 6 (sec.72F-ssec.1) If an instalment of a waste levy amount is not paid on or before an instalment day under a waste levy instalment agreement— the waste levy instalment agreement is taken to be no longer in force; and the due date for payment of any waste levy amount provided for in the agreement becomes— if the amount, apart from the agreement, would have been required to be paid on a day later than the instalment day—the later day; or if the amount, apart from the agreement, would have been required to be paid on a day earlier than the instalment day—the day after the instalment day, or if that day is not a business day, the next business day; and for an amount mentioned in paragraph (b) (ii) , interest becomes payable on the amount as if the waste levy instalment agreement had not been entered into, but only on and from the day after the instalment day, whether or not the day after the instalment day is a business day. (sec.72F-ssec.2) In this section— instalment day , under a waste levy instalment agreement, means a day when a payment is due under the agreement. - (a) the waste levy instalment agreement is taken to be no longer in force; and - (b) the due date for payment of any waste levy amount provided for in the agreement becomes— (i) if the amount, apart from the agreement, would have been required to be paid on a day later than the instalment day—the later day; or (ii) if the amount, apart from the agreement, would have been required to be paid on a day earlier than the instalment day—the day after the instalment day, or if that day is not a business day, the next business day; and - (i) if the amount, apart from the agreement, would have been required to be paid on a day later than the instalment day—the later day; or - (ii) if the amount, apart from the agreement, would have been required to be paid on a day earlier than the instalment day—the day after the instalment day, or if that day is not a business day, the next business day; and - (c) for an amount mentioned in paragraph (b) (ii) , interest becomes payable on the amount as if the waste levy instalment agreement had not been entered into, but only on and from the day after the instalment day, whether or not the day after the instalment day is a business day. - (i) if the amount, apart from the agreement, would have been required to be paid on a day later than the instalment day—the later day; or - (ii) if the amount, apart from the agreement, would have been required to be paid on a day earlier than the instalment day—the day after the instalment day, or if that day is not a business day, the next business day; and