Interest on overdue payments
79 Interest on overdue payments
S. 79(1) amended by Nos 23/2003 s. 17(Sch. item 4), 85/2003 s. 30(2), 63/2007 s. 18(Sch. item 2(1)), 38/2011 s. 29, 10/2016 s. 127, 19/2022 s. 48.
Wharfage fees and channel fees under this Part that are unpaid by the due date may, if the port of Melbourne operator, the designated State port entity, the Port of Hastings Development Authority, Ports Victoria or the channel operator so requires, attract interest at a rate determined by it.
S. 79(2) amended by No. 63/2007 s. 18(Sch. item 2(2)).
Different rates may be determined for fees that remain unpaid for different periods of time.
The rate determined in respect of any period is not to exceed the prescribed rate.
S. 80 (Heading) inserted by No. 63/2007 s. 18(Sch. item 3(1)).
This provision refers to the regulations (prescribed rate
). Made under this Act:
- Port Management (Local Ports) Regulations 2025 · under section 98
- Port Management (Port of Melbourne Safety and Property) Regulations 2020 · under section 98
- Port Management (Prescribed Bodies) Regulations 2022 · under section 98
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