10. Payment of SAF levy collections to Authority

The SAF levy collection agent must, within a period of 30 days after collecting any SAF levy or interest from any aircraft operator liable to pay the SAF levy or interest, pay to the Authority the amount of the SAF levy or interest collected.

Where any amount of SAF levy or interest that the SAF levy collection agent is liable under sub‑paragraph (1) to pay to the Authority, is not paid to the Authority within the period mentioned in that sub‑paragraph, the SAF levy collection agent is liable to pay to the Authority interest on that amount or any part of it that remains outstanding (Z).

Interest under this paragraph accrues daily at the rate of 4.5%‑point above the 3‑month compounded SORA for the period —

starting on the day Z is in arrears; and

ending on the day that Z is paid in full to the Authority.

The SAF levy collection agent must, within a period of 30 days after collecting any SAF levy or interest from any aircraft operator liable to pay the SAF levy or interest, pay to the Authority the amount of the SAF levy or interest collected.

Where any amount of SAF levy or interest that the SAF levy collection agent is liable under sub‑paragraph (1) to pay to the Authority, is not paid to the Authority within the period mentioned in that sub‑paragraph, the SAF levy collection agent is liable to pay to the Authority interest on that amount or any part of it that remains outstanding (Z).

Interest under this paragraph accrues daily at the rate of 4.5%‑point above the 3‑month compounded SORA for the period —

starting on the day Z is in arrears; and

ending on the day that Z is paid in full to the Authority.