Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to this section, an amount of compensation payable to an employee under section 24 or 25, shall be paid to the employee within 30 days after the date of the assessment of the amount.
(2) Where an amount of compensation is not paid to an employee in accordance with subsection (1), interest is payable to the employee on that amount in respect of the period commencing on the expiration of the period of 30 days referred to in that subsection and ending on the day on which the amount is paid.
(3) Interest payable under subsection (2) shall be paid at such rate as is from time to time specified by the Minister for the purposes of this section by legislative instrument.
(4) This section does not apply where:
(a) the MRCC has been requested under Part VI to reconsider a determination under section 24 or 25, as the case may be; or
(b) a proceeding in respect of such a determination has been instituted under Part VI.