Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts18. (1) A fee or charge is payable to the Territory on or before the due date.
(2) Where an amount for a fee or charge remains unpaid after the due date, in addition to that amount, interest calculated on the aggregate amount at the rate determined in writing by the Minister is payable to the Territory in respect of every month or part of a month that the aggregate amount remains unpaid.
(3) Where an amount of interest calculated for the purposes of subsection (2) contains a fraction of a cent—
(a) a fraction of a cent that does not exceed half a cent shall be disregarded; and
(b) a fraction of a cent that exceeds half a cent shall be regarded as 1 cent.
(4) A determination under subsection (2) is a disallowable instrument for the purposes of section 10 of the Subordinate Laws Act 1989 .
(5) In this section—
“aggregate amount”, in relation to a month, means the sum of—
(a) the amount of the fee or charge; and
(b) the amount of interest;
remaining unpaid at the end of the previous month;