Interpretation of section 20

(1) For the purposes of determining whether an administrative violation has been committed an amount payable under this Act or regulations is deemed not to have been paid until it has been paid in full. (2) The imposition of an administrative penalty becomes final on the earliest of– (a) the payment by the financial institution; (b) the date when, in accordance with section 19, the financial institution is considered to have committed the administrative violation; Mutual Administrative Assistance (c) the date when the time for any appeal has expired and no appeal has been filed; or (d) the dismissal of any appeal of the financial institution, provided that the time for any further appeal has expired. (3) If a person has a reasonable excuse for a failure but the excuse has ceased, the person is to be treated as having continued to have the excuse if the failure is remedied without unreasonable delay after the excuse ceased.