Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If the regulations specify the time when a cost - recovery charge (the basic charge ) is due and payable, the regulations may also specify a fee (a late payment fee ) that is due and payable if the basic charge is not paid at or before that time.
(2) Without limiting subsection (1), a late payment fee may relate to each day or part of a day that the basic charge remains unpaid after becoming due and payable.