90
In forceApplication of interest payable on judgment debt
90 Application of interest payable on judgment debt
(1)
This section applies if a court gives judgment for the State for the payment of an amount that is or is part of a relevant amount (judgment debt).
(2)
The relevant amount, or part of the relevant amount, must not be taken, for this division, to have stopped being payable only because of the judgment.
(3)
However, interest payable on the judgment debt must be applied to reduce the amount of interest that would otherwise be payable under this Act.
(4)
In this section—
relevant amount means—
(a)
a deducted amount; or
(b)
the amount of a late payment penalty; or
(c)
an undeducted amount.
This Act’s bill:Explanatory memorandum
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