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STATE PENALTIES ENFORCEMENT ACT 1999 - SECT 87 Penalty for late payment to registrar of deducted amounts

STATE PENALTIES ENFORCEMENT ACT 1999 - SECT 87

Penalty for late payment to registrar of deducted amounts

87 Penalty for late payment to registrar of deducted amounts

(1) If an employer other than a government body fails to pay an amount deducted under a fine collection notice (
"deducted amount" ) to the registrar in accordance with section 81 , the employer must pay to SPER, as a penalty (
"late payment penalty" )—
(a) 10% of the deducted amount; and
(b) interest at the rate of 10% each year on the daily balance of the unpaid deducted amount.
(2) Interest is payable on the deducted amount from the day after the amount should have been paid until the day the amount is actually paid.