Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For subsection 11(1) of the Act, if an imported food charge (customs), or an imported food charge (general), (the relevant charge ) is not paid at or before the time the relevant charge is due and payable, a late payment fee, worked out in accordance with subsection (2), is due and payable in addition to the relevant charge.
(2) The late payment fee is worked out using the following formula:
where:
"days overdue" is the number of days after the relevant charge is due and payable that elapse before the day on which the relevant charge is paid.