Common use of PAYMENT OF THE STATE LEVY Clause in Contracts

PAYMENT OF THE STATE LEVY. 5.1 The Supplier must pay to the Nominated Agency the State Levy plus the associated GST Consideration within thirty (30) days of receipt by the Supplier of a Tax Invoice from the Nominated Agency. 5.2 If the Supplier does not pay to the Nominated Agency the amount of the State Levy (plus the associated GST Consideration) when due and payable, the Nominated Agency will be entitled to claim interest at the Prescribed Rate on the amount due from the date it should have been paid until the day it is paid.

PAYMENT OF THE STATE LEVY. 5.1 The Supplier must pay to the Nominated Agency the State Levy plus the associated GST Consideration within thirty (30) days of receipt by the Supplier theSupplier of a Tax Invoice from the Nominated Agency. 5.2 If the Supplier does not pay to the Nominated Agency the amount of the State Levy (plus the associated GST Consideration) when due and payableandpayable, the Nominated Agency will be entitled to claim interest at the Prescribed thePrescribed Rate on the amount due from the date it should have been paid until paiduntil the day it is paid.