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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 18 December 2023 - onwards
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531AAM. Interest on overdue defective concrete products levy.

(1) Any amount of defective concrete products levy shall carry interest from the date when the defective concrete products levy becomes due and payable until payment for any day or part of a day during which the amount remains unpaid, at a rate of 0.0219 per cent.

(1A) Any amount payable by a person under section 531AAJA(7)(b) shall carry interest from the supply date of the ready to pour concrete in respect of which the declaration concerned was made until payment for any day or part of a day during which the amount remains unpaid, at a rate of 0.0219 per cent.

(1B) Any amount payable by a person under section 531AAJB(5)(ii) shall carry interest from the date the refund concerned was paid to the person until payment for any day or part of a day during which the amount remains unpaid, at a rate of 0.0219 per cent.

(2) Subsections (3) to (5) of section 1080 shall apply in relation to interest payable under subsections (1), (1A) and (1B) as they apply in relation to interest payable unde

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