Interest
228 Interest
If—
money of a person is seized or forfeited under this Act;
and
not less than one month after the seizure or forfeiture, the money (or an equal amount of money) is required under this Act to be paid back to the person or the person is required to be compensated by the Crown under this Act in respect of the seizure or forfeiture, the person is entitled to be paid interest on the money at the prescribed rate.
An amount payable by the Crown under this section is recoverable as a debt.
Except as provided by this section, no interest is payable by the
Crown in respect of property seized or forfeited under this
Act.
This provision refers to the regulations (prescribed rate
). Made under this Act:
This Act’s bill:Second reading speech
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