21ZB
CurrentInterest on unpaid amounts
21ZB Interest on unpaid amounts
(1)
If the Burswood Casino licensee does not pay an amount under section 21ZA in full by the due date, interest on the amount outstanding is payable at the prescribed rate.
(2)
The prescribed rate for an amount outstanding is the interest rate that is 3% higher than the cash rate target, as determined and published by the Reserve Bank of Australia, in effect on the 1st day on which the amount becomes outstanding.
(3)
Interest does not accrue on interest that is payable under subsection (1).
[Section 21ZB inserted: No. 32 of 2022 s. 6.]
Regulations
This provision refers to the regulations (prescribed rate
). Made under this Act:
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