Commonwealth Consolidated Acts

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OFFSHORE MINERALS (WORKS LICENCE FEES) ACT 1981 - SECT 5

Penalty for late payment

    Where the liability of the holder of a works licence to pay a fee referred to in section   4 is not discharged at or before the time when the fee is payable, there is payable to the Designated Authority by the holder an additional amount calculated at the rate of one - third of 1% per day upon the amount of the fee from time to time remaining unpaid, to be computed from the time when the fee became payable until it is paid.



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