46Interest on, and extension of time for payment of, long service levies

#### 46 Interest on, and extension of time for payment of, long service levies 46 Interest on, and extension of time for payment of, long service levies > > (1) Any amount due in respect of a long service levy and not paid before the due date for its payment shall bear interest at the rate prescribed by subsection (4). > > > (2) Any such interest shall, except for the purpose of calculating the amount of interest payable under subsection (1), be deemed to form part of the unpaid long service levy and may be recovered as an amount due in respect of a long service levy. > > > (3) The Corporation may, where it considers that special circumstances warrant its doing so in any particular case, direct— > > > > > (a) that the due date for payment of any long service levy be varied to such later date as may be specified in the direction, or > > > > > (b) that the amount of any interest payable under subsection (1) be waived or be reduced by such amount as may be specified in the direction, > > > > and the direction shall, notwithstanding anything to the contrary in this Act, have effect according to its tenor. > > > (4) For the purposes of subsection (1), the prescribed rate is— > > > > > (a) except as provided by paragraph (b)—2 per cent per calendar month, or part of a calendar month, or > > > > > (b) such other rate as is prescribed by the regulations.