Victorian Current Acts Victorian Current Acts(1) A growth areas infrastructure contribution payable in accordance with an approval under this Subdivision is subject to the payment of interest calculated at the rate that applies for the purposes of section 201SO.
(2) Subject to subsection (3), the interest is calculated on a daily basis from the time by which the contribution would have been payable under section 201SL had the approval not been given until the day that the contribution is paid.
(3) If an approval under this Subdivision relates to a growth areas infrastructure contribution the whole or part of which was deferred under Subdivision 3, the interest is calculated from the day the approval is given.
S. 201SU inserted by No. 23/2010 s. 9.