Commonwealth Numbered Acts

PRAWN EXPORT PROMOTION ACT 1995 No. 14, 1995 - SECT 17

17. If any levy remains unpaid after the time when it becomes due for payment,
there is payable by the levy payer to the Commonwealth, by way of penalty
accruing from the time the levy becomes due for payment until it is paid in
full, an amount worked out as follows:

   (a)  during the month in which the levy becomes due for payment the amount
        of penalty accrues at the rate of 2% per month on the levy due;

   (b)  during the next and each subsequent month the amount of penalty
        consists of the sum of each amount that accrued during a previous
        month and the amount accruing during that month at the rate of 2% per
        month on the sum of the amount of levy then payable and penalty
        payable at the end of the previous month.