213Interest on cost recovery orders

213 Interest on cost recovery orders

(1)  The Secretary may 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 under this section is not to exceed –

(a) the interest rate payable for the time being on an unpaid judgement of the Supreme Court; or

(b) if another rate is prescribed, that rate.

(3)  Interest charged on an unpaid amount under this section is taken to form part of the unpaid amount.