Section 9: Penalty for non-payment. (As Amended by Section 9 of The Industrial Training Fund (Amendment) Act 2011)

(1) If any contribution is not paid within the time prescribed in section 6 of this Act, a sum equal to five per centum of the amount unpaid shall be added for each month or part of a month after the date on which payment should have been made.
(2)
Notwithstanding the provisions of subsection (1) of this section, the Director-General may if he thinks fit, waive in whole or in part any penalty imposed under this section."