Victorian Numbered Acts Victorian Numbered Acts(1) If an invoice is not paid by the date for payment stated in the invoice, the registered operator of the ZLEV is liable to pay interest, at the applicable rate, on the amount of the ZLEV charge that is unpaid calculated on a daily basis from the day after the date for payment until the day the amount of the ZLEV charge is paid.
(2) The applicable rate is the rate fixed under section 2 of the Penalty Interest Rates Act 1983 that applied on the first day of July immediately before the date for payment stated in the invoice.
(3) Interest is not payable in respect of any failure to pay interest under this Division.