Commonwealth Consolidated Acts

EDUCATION SERVICES FOR OVERSEAS STUDENTS ACT 2000 - SECT 172

  (1)   A registered provider must pay a late payment penalty for any:

  (a)   CRICOS annual registration charge; or

  (c)   TPS levy (other than a provider's first TPS levy);

payable by the provider that remains unpaid after the time when it became due for payment.

Note:   If a registered provider breaches this section, the ESOS agency for the provider may take action under Division   1 of Part   6 against the provider.

Amount of penalty

  (2)   The amount of the penalty is 20% per year on the unpaid amount calculated from the day when the original amount became due for payment.