Private Health Insurance Act 2007
If a [*]
To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
private health insurance levy remains wholly or partly unpaid by a person after it becomes due and payable, the person is liable to pay a late payment penalty under this section.
View history note
Hide history note307-5(2)
The [*]
To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
late payment penalty is calculated: (a) at the rate specified in the Private Health Insurance (Levy Administration) Rules (which must not be higher than 15%); and (b) on the unpaid amount of the levy; and (c) for the period:
(i) starting when the levy becomes due and payable; and
(ii) ending when the levy, and the penalty payable under this section, have been paid in full.
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