66
In forceCalculation of penalty interest
Part 4Rents and instalments
Division 7Action for non-payment of rent or instalments
66 Calculation of penalty interest
Penalty interest on unpaid rent or instalments—
(a)
is payable at the rate that is 2% above the Suncorp-Metway business variable lending rate; and
(b)
accrues daily; and
(c)
compounds monthly.
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