(1) If an amount of
safety levy remains unpaid after the day on which it becomes due and payable,
the person liable to pay the safety levy is liable to pay to the CIPS, in
addition to the amount of safety levy, an amount calculated at the prescribed
rate on the amount of safety levy from time to time remaining unpaid.
(2) The CIPS may
waive, in whole or in part, a penalty amount if the CIPS considers that there
are good reasons for doing so.
[Section 12 amended: No. 36 of 2020 s. 315.]