Australian Capital Territory Repealed Acts Australian Capital Territory Repealed ActsThis legislation has been repealed.
(a) an amount payable under this Act; or
(b) an amount of penalty tax;
on or before the date for payment, the licence is, by force of this subsection, suspended.
(2) Where a licensee fails to pay an amount referred to in paragraph (1) (a) or (b) within 30 days after the date for payment, the licence is, by force of this subsection, cancelled.
(3) In this section—
(a) in relation to an amount referred to in paragraph (1) (a), means—
(i) the last day on which the amount is required to be paid in accordance with this Act; or
(ii) where the Commissioner allows further time for payment—the last day so allowed; or
(b) in relation to an amount referred to in paragraph (1) (b), means the last day on which the amount is payable in accordance with the Administration Act.