South Australian Consolidated Regulations

GAS REGULATIONS 1997 - REG 8

8—Licence fees and returns

        (1)         For the purposes of section 24(2) of the Act, the licence fee, or the first instalment of the licence fee, (as the case may require) must—

            (a)         in the case of a licence referred to in regulation 7 (after the initial payments under that regulation), be paid before 1 October in each year; or

            (b)         in any other case, be paid before the anniversary in each year of the day on which the licence was issued.

        (2)         For the purposes of section 24(2) of the Act, an annual return must be lodged before 31 August in each year.

        (3)         For the purposes of section 24(7) of the Act, the penalty for default—

            (a)         for failing to pay a licence fee, or an instalment of a licence fee, is 10% per annum of the outstanding amount calculated daily on a cumulative basis;

            (b)         for failing to lodge an annual return is $500.

        (4)         For the purposes of paragraph (d) of the definition of "administrative costs" in section 24(9) of the Act, the costs of administration of the Australian Energy Market Commission relating to the gas supply industry in South Australia in the financial year to which the licence relates is a prescribed cost.