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It is only applicable if they are not paid on there 1 July 2016. They are required to advise of the penalty under the act.
So interest will not be charged if you pay them on or before the 1 July 2016
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The levies are paid in advice. That is what the act says. The interest is only calculated form the 1 July until the date they are paid. If they are paid on the 1 July no interest is charged.