EDUCATION SERVICES FOR OVERSEAS STUDENTS ACT 2000 - SECT 172 Late payment penalty
EDUCATION SERVICES FOR OVERSEAS STUDENTS ACT 2000 - SECT 172
Late payment penalty(1) A registered provider must pay a late payment penalty for any:
(a) CRICOS annual registration charge; or
(c) TPS levy (other than a provider's first TPS levy);
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.