Payment Times Reporting Act 2020

PART 2 - REPORTING PAYMENT TIMES  

Division 2 - Reporting payment times  

SECTION 15   CIVIL PENALTY PROVISION FOR FAILURE TO REPORT  

15(1)    
A reporting entity is liable to a civil penalty if:

(a)    the entity is required to give the Regulator a payment times report in accordance with this Division; and

(b)    the entity fails to comply with the requirement; and

(c)    the entity is a not a volunteering entity.

Civil penalty: 60 penalty units.

 View history note

 Hide history note

History

S 15 amended by No 65 of 2024, s 3 and Sch 1 item 31, by inserting " (1) " before " A reporting entity " , effective 7 September 2024. For application and transitional provisions, see note under s 3 .

15(2)    
A reporting nominee is liable to a civil penalty if:

(a)    the reporting nominee is required to give the Regulator a payment times report in accordance with this Division; and

(b)    the reporting nominee fails to comply with the requirement.

Civil penalty: 60 penalty units.

 View history note

 Hide history note

History

S 15(2) inserted by No 65 of 2024, s 3 and Sch 1 item 32, effective 7 September 2024. For application and transitional provisions, see note under s 3 .

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.