Energy Administration Act

Marginal note:Monthly return of export sales

• 9 (1) Every person who is required by this Part to pay a charge shall make each month a true return of his exports of oil for the last preceding month in such form and containing such information as the regulations require.

• Marginal note:Date of filing and payment

  (2) The return required by subsection (1) shall be filed with the Board and the charge payable shall be paid to it not later than the last day of the first month succeeding that in which the exports were made.

• Marginal note:Penalty on default

  (3) On default in payment of the charge or any portion thereof payable under this Part within the time prescribed by subsection (2), there shall be paid in addition to the amount of the default a penalty equal to the greater of

  • (a) one per cent of the amount of default, and

  • (b) the percentage, if any, prescribed by regulations made under section 15, of the amount of default,

  in respect of each month or part of a month during which the default continues.

• Marginal note:Extension of time

  (4) The Board may, before or after the day prescribed by subsection (2), specify in writing a later day for the filing of a return or the payment of the charge or any portion thereof; and when the Board has specified a later day

  • (a) no penalty shall accrue or shall be deemed to have accrued under subsection (3) prior to that later day in respect of default in payment of the charge or portion thereof for the payment of which the later day was specified; and

  • (b) failure to pay, on or before the later day, the charge or portion thereof for the payment of which a later day was specified constitutes a default for the purposes of subsection (3).