Commonwealth Numbered Acts

AIRCRAFT NOISE LEVY COLLECTION ACT 1995 No. 98 of 1995 - SECT 9

9.(1) If levy payable by a person remains unpaid after it has become due for
payment, the person is liable to pay (in addition to the levy) a prescribed
penalty on the unpaid amount of levy, calculated from the day the levy became
due for payment, and compounded.

(2) The regulations must not prescribe a penalty exceeding the equivalent of
1.5% of the amount of unpaid levy for each month or part of a month during
which it is unpaid.

(3) Subsection (2) does not require the penalty to be calculated on a monthly
basis.

(4) The fact that a judgment is entered or given in a court for the payment of
levy, or of a composite amount that includes levy, does not of itself cause
the levy to stop being unpaid for the purposes of subsection (1).

(5) If the judgment debt bears interest, the penalty payable under subsection
(1) is reduced by the following amount:
      Interest on        Levy component of judgment debt

      judgment debt  X   ------------------------------

Judgment debt