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BIOSECURITY ACT 2015 - SECT 324
Charging of interest
324 Charging of interest
(1) The Secretary is entitled to charge interest on any amount, or part of an
amount, payable to the Secretary under a cost recovery order that is not paid
by the due date for payment specified in the cost recovery order.
(2) The
interest rate charged is not to exceed the interest rate payable for the time
being on an unpaid judgment of the Supreme Court or, if another rate is
prescribed by the regulations, that rate.
(3) Interest charged on an unpaid
amount is taken to be part of the unpaid amount.
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