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SOCIAL SECURITY ACT 1991 No. 46, 1991 - SECT 1229
Penalty for late payment of certain debts
1229. (1) If:
(a) a person owes a debt to the Commonwealth under section 1224, 1225 or
1227; and
(b) the debt arose on or after 1 September 1987; and
(c) the amount of the debt is more than $50; and
(d) the debt is not fully paid within 3 months after the person has been
given a notice for the purposes of this subsection advising the person
of the amount of the debt; the debt is increased by adding to it a
penalty amount, worked out under subsection (2).
(2) The penalty amount:
(a) is worked out by adding together $15 and 10% of the amount of debt
unpaid at the end of that period of 3 months; and
(b) is not to exceed $515.
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