Extra levy payable & penalties
- Extra levies may be sought where it appears the levy has been underpaid or based on incorrect cost estimates.
- Penalties may be imposed where the levy has been underpaid, based on incorrect cost estimates, paid late or avoided.
- Interest on the outstanding amount may also be sought in accordance with the legislation and the regulation. This is charged at the prescribed rate, which is the rate 6% above the cash rate last published by the Reserve Bank of Australia.
