Air Travellers Security Charge Act

Marginal note:Penalty

• 53 (1) Subject to this section and section 54, if a person fails to pay an amount to the Receiver General as and when required under this Act, the person shall pay a penalty of 6% per year, compounded daily, on the amount not paid, computed for the period that begins on the first day after the day on or before which the amount was required to be paid and that ends on the day the amount is paid.

• Marginal note:No penalty if security

  (2) If on a particular day the Minister holds security under section 73 in respect of an amount payable by a person under this Act, the penalty under this section applies on the particular day only to the extent that the total of all amounts payable by the person under this Act that are outstanding on the particular day exceeds the value of the security at the time it was accepted by the Minister.

• Marginal note:Payment before specified date

  (3) If the Minister has served a demand that a person pay on or before a specified date all amounts payable by the person under this Act on the date of the demand, and the person pays the amount demanded on or before the specified date, the Minister shall waive any penalty or interest that would otherwise apply in respect of the amount demanded for the period beginning on the first day following the date of the demand and ending on the day of payment.