New Zealand Legislation: Regulations

16 Additional levy if levy not paid in time

• If any amount of the levy has not been paid by the close of the latest day for payment, the following amounts must be paid to SNZI in addition to the amount otherwise payable:

  • (a) 5% of the amount of the unpaid levy:

  • (b) 2% of the amount of the unpaid levy (excluding additional levies owing under this clause) for each month that the amount is outstanding.