Health Infrastructure Enabling Regulation 2023

This section applies if the Territory is liable to pay compensation to a claimant under this part in relation to the acquisition of a security right.

The Territory must pay the claimant interest on the amount representing the principal secured under the security included in the compensation at the lowest rate (whether for prompt payment or otherwise) provided for by the security on and from the acquisition day until—

the day on which the compensation is paid; or

if payment is delayed through a default or delay of the claimant, until the day on which the compensation would have been paid but for the default or delay.

Subsection (4) applies if—

the claimant rejects, or is taken to have rejected, a final offer made under section 29 (1) (c); and

the amount of compensation payable under this division is less than the final offer.

The period for which interest is payable under subsection (2) does not include the period—

starting on the day the claimant rejects, or is taken to have rejected, the final offer; and

ending on the day the amount of compensation payable under this division is determined.

Interest is not payable to the claimant on the whole or any part of the compensation payable otherwise than in accordance with this section.

Division 4.7 Dispute resolution