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Building and Construction Industry (Portable Long Service Leave) Act 1991
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Building and Construction Industry (Portable Long Service Leave) Act 1991
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An amount due in respect of levy and not paid at or before the time for its payment bears compound interest at the rate prescribed under a regulation. Interest payable under subsection (1) forms part of the unpaid levy and may be recovered as a debt in a court having jurisdiction up to the amount of the unpaid levy. The authority may, in special circumstances, direct that— the time for payment of levy be changed to a later stated time; or levy be payable in instalments of amounts, and at intervals, decided by the authority; or the amount of any interest payable under subsection (1) be waived or reduced by a stated amount. Subsection (3) applies despite the following sections— section 75 (When levy is payable) section 80 (Additional provisions about levy) section 82 (Payment of levy by instalments). s 84 amd 1993 No. 66 s 3 sch ; 1994 No. 65 s 28 ; 2000 No. 61 s 59 ; 2005 No. 27 ss 25 , 3 sch (sec.84-ssec.1) An amount due in respect of levy and not paid at or before the time for its payment bears compound interest at the rate prescribed under a regulation. (sec.84-ssec.2) Interest payable under subsection (1) forms part of the unpaid levy and may be recovered as a debt in a court having jurisdiction up to the amount of the unpaid levy. (sec.84-ssec.3) The authority may, in special circumstances, direct that— the time for payment of levy be changed to a later stated time; or levy be payable in instalments of amounts, and at intervals, decided by the authority; or the amount of any interest payable under subsection (1) be waived or reduced by a stated amount. (sec.84-ssec.4) Subsection (3) applies despite the following sections— section 75 (When levy is payable) section 80 (Additional provisions about levy) section 82 (Payment of levy by instalments).