Overdue rental
166 Overdue rental
If the rental of an aquaculture lease is unpaid after the date on which payment was due, the Minister may charge interest on the overdue amount at the rate payable from time to time in respect of judgments of the Supreme Court or, if some other rate is prescribed by the regulations, at that rate.
Interest may be charged for each day that has elapsed between the date on which payment is due and the date of payment.
Interest charged on the overdue rental of an aquaculture lease under this section is taken to be part of the rental.
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
- Fisheries Management (Abalone Share Management Plan) Regulation 2000
- Fisheries Management (Aquaculture) Regulation 2024
- Fisheries Management (Authority to Fish Silver Perch) Order 2007 · Regulation
12 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandum
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.