OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

PART IV - MISCELLANEOUS  

REGULATION 25A   LATE LODGMENT FEES  

25A(1)   [ Liability ]  

If a return for a year of income beginning before 1 July 1990 is lodged after 31 December 1991, the trustee lodging the return is liable to pay a late lodgment fee.

25A(2)   [ Amount ]  

The late lodgment fee is the lesser of $ 200 and:

(a) if the return is in relation to a year of income commencing on 1 July 1986 or 1 July 1987 - $ 5 for each month or part of a month between 1 July 1989 and the day on which it is lodged; and

(b) in any other case - $ 5 for each month or part of a month between 1 July in the financial year beginning immediately after the return was due and the day on which it is lodged.

25A(3)   [ When fee payable ]  

A late lodgment fee is payable when the return is lodged.

25A(4)   [ Return ]  

In this regulation " return " means a return referred to in subparagraph 12(1)(b)(ii), 14(1)(b)(ii) or 15B(1)(b)(ii) of the Act as in force immediately before the commencement of the Occupational Superannuation Laws Amendment Act 1991 .