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172Late payment penalty#
(1)A registered provider must pay a late payment penalty for any:
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.
Sourced from the Federal Register of Legislation at legislation.gov.au, © Commonwealth of Australia, licensed under CC BY 4.0. Compilations may have been reformatted.