33
CurrentInterest not payable on amount withheld
Part 3Payments to the Commonwealth in respect of compensation payments
Division 2Payments to the Commonwealth in respect of amounts of compensation
33 Interest not payable on amount withheld
If:
(a)
a judgment or settlement has been made in respect of an amount of compensation; and
(b)
a compensation payer or insurer has paid to the compensable person a part of the compensation, but withheld an amount referred to in paragraph 32(1)(b); and
(c)
an Australian law would, apart from this section, make the compensation payer or insurer liable to pay interest on the sum withheld, because the sum is withheld after the judgment or settlement has been made;
despite that law, the compensation payer or insurer is not liable to pay that interest.
This Act’s bill:Second reading speech
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