sec.22Additional amount if levy not paid before due date— Act , s 82

sec.22 Additional amount if levy not paid before due date— Act , s 82

For section 82 (1) of the Act , the additional amount payable by a self-insurer in relation to the late payment of an amount of annual levy is— if the amount is paid to the Regulator within 30 days after the due date—5% of the amount; or if the amount is paid to the Regulator after 30 days but within 60 days after the due date—10% of the amount; or if the amount is paid to the Regulator after 60 days after the due date or if the amount is not paid—10% of the amount plus interest at a rate specified by the Regulator by gazette notice for the period that— starts on the due date, or a later date decided by the Regulator; and ends on the day the amount of the annual levy and the additional amount under paragraph (a) or (b) is paid to the Regulator.

• (a) if the amount is paid to the Regulator within 30 days after the due date—5% of the amount; or
• (b) if the amount is paid to the Regulator after 30 days but within 60 days after the due date—10% of the amount; or
• (c) if the amount is paid to the Regulator after 60 days after the due date or if the amount is not paid—10% of the amount plus interest at a rate specified by the Regulator by gazette notice for the period that— (i) starts on the due date, or a later date decided by the Regulator; and (ii) ends on the day the amount of the annual levy and the additional amount under paragraph (a) or (b) is paid to the Regulator.
• (i) starts on the due date, or a later date decided by the Regulator; and
• (ii) ends on the day the amount of the annual levy and the additional amount under paragraph (a) or (b) is paid to the Regulator.
• (i) starts on the due date, or a later date decided by the Regulator; and
• (ii) ends on the day the amount of the annual levy and the additional amount under paragraph (a) or (b) is paid to the Regulator.