South Australian Current Regulations South Australian Current Regulations150H—Interest payable on default of payment of
point to point transport service transaction levy
(1) Subject to
subregulation (4), if a person fails to pay a levy as required under
Schedule 2 clause 2 of the Act, interest is payable on the amount of levy
unpaid calculated on a daily basis from the end of the last day for payment
until the day it is paid.
(2) The rate at which
interest which is payable under subregulation (1) is the rate determined
by the Minister from time to time by notice in the Gazette.
(3) The Minister must,
in making a determination under subregulation (2), have regard to the
cash rate published by the Reserve Bank of Australia in the calendar month
immediately preceding the month in which the determination is made.
(4) If the amount of
interest payable for the time being in respect of a default in payment of a
levy would, apart from this regulation, be less than $20, no interest is
payable in respect of that default.