New South Wales Consolidated Acts

PETROLEUM (OFFSHORE) ACT 1982 - SECT 150

150 Penalty for late payment of fees

(1) Where a fee under this Act is not paid under this Division at or before the time when the fee is payable there is payable to the Minister by the permittee, lessee, licensee or pipeline licensee an additional amount calculated at the rate of one-third of 1 per cent per day upon the amount of the fee from time to time remaining unpaid to be computed from the time when the amount became payable until it is paid.