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.
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.
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 note15(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.