4
In forceInterest payable on unpaid fee—Act, s 71(3)
4 Interest payable on unpaid fee—Act, s 71(3)
(1)
If an amount of a fee payable under section 3 is not paid within 30 days after it becomes payable, simple interest is payable at a rate of 0.05% per day on the unpaid amount.
(2)
The interest is payable on and from the day after the 30 days mentioned in subsection (1) ends until and including the day the amount is paid.
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