7. The demand for payment of the compensation for a fiscal period shall be received by the person who must pay it not later than 31 December of the following fiscal period.
Notwithstanding the foregoing, the demand for payment of an additional compensation shall be received not later than 31 December of the fiscal period following the fiscal period during which the alteration is made to the roll giving rise to the additional compensation.
For the purposes of this section and Division 5, a demand for payment is not deemed to have been received unless it complies with the Act and this Regulation.