Retirement Savings Accounts Act 1997
PART 4A
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DATA AND PAYMENT REGULATIONS AND STANDARDS RELATING TO RSAS
Division 3
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Infringement notices
SECTION 45K
EXTENSION OF TIME TO PAY AMOUNT
45K(1)
A person to whom an infringement notice has been given may apply to the Regulator for an extension of the period referred to in paragraph 45J(1)(g) .
45K(2)
If the application is made before the end of that period, the Regulator may, in writing, extend that period. The Regulator may do so before or after the end of that period.
45K(3)
If the Regulator extends that period, a reference in this Division, or in a notice or other instrument under this Division, to the period referred to in paragraph 45J(1)(g) is taken to be a reference to that period so extended.
45K(4)
If the Regulator does not extend that period, a reference in this Division, or in a notice or other instrument under this Division, to the period referred to in paragraph 45J(1)(g) is taken to be a reference to the period that ends on the later of the following days:
(a) the day that is the last day of the period referred to in paragraph 45J(1)(g) ;
(b) the day that is 7 days after the day the person was given notice of the Regulator ' s decision not to extend.
45K(5)
The Regulator may extend the period more than once under subsection (2).
View history note
Hide history noteA person to whom an infringement notice has been given may apply to the Regulator for an extension of the period referred to in paragraph 45J(1)(g) .
45K(2)
If the application is made before the end of that period, the Regulator may, in writing, extend that period. The Regulator may do so before or after the end of that period.
45K(3)
If the Regulator extends that period, a reference in this Division, or in a notice or other instrument under this Division, to the period referred to in paragraph 45J(1)(g) is taken to be a reference to that period so extended.
45K(4)
If the Regulator does not extend that period, a reference in this Division, or in a notice or other instrument under this Division, to the period referred to in paragraph 45J(1)(g) is taken to be a reference to the period that ends on the later of the following days:
(a) the day that is the last day of the period referred to in paragraph 45J(1)(g) ;
(b) the day that is 7 days after the day the person was given notice of the Regulator ' s decision not to extend.
45K(5)
The Regulator may extend the period more than once under subsection (2).
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