Victorian Numbered Acts Victorian Numbered Acts(1) If a default occurs, the business or trustee is liable to pay interest on the amount payable that remains unpaid calculated on a daily basis from the end of the last day for payment until the day it is paid at the interest rate from time to time applying under this Division.
(2) Interest is payable under subsection (1) in respect of a default that consists of failure to pay a penalty under Division 4 but is not payable in respect of any failure to pay interest under this Division.