12AOverdue rates

12A Overdue rates

12A Overdue rates

(1) Overdue rates shall be increased in accordance with this section.

(2) Where payment of the whole or any part of a rate imposed in respect of any land, in the year commencing 1 January 1986, or in a subsequent year, has not been made at the expiration of 12 months from the date when the rate was due and payable to and recoverable by the board, the amount due shall be increased by a sum calculated at the prescribed rate per cent per annum and the increase shall be deemed to be part of the rate.

(3) The calculation under subsection (2) shall be made in respect only of as many complete months as have expired between the due date and the date of payment, excluding any remaining portion of a month.

(4) If in any case the percentage is less than 10 cents, the increase shall be 10 cents.

(4A) Despite subsection (2), if the Minister is satisfied that circumstances warrant it, the Minister may:

(a) direct that an amount due not be increased in accordance with subsection (2),

(b) grant an extension of time after the due date during which the amount due will not be increased, or

(c) remit the payment of the whole or any part of the sum by which the amount due is increased under subsection (2).

(4B) No refund shall be made as a consequence of a direction or remission under subsection (4A).

(5) This section shall continue to apply to all unpaid rates notwithstanding that judgment may have been obtained in any court.

s 12A: Ins 1985 No 195, Sch 1 (10). Am 1987 No 209, Sch 40.