116Interest on overdue amounts

116 Interest on overdue amounts S. 116(1) amended by Nos 34/1993 s. 10(1), 89/2000 s. 4, 48/2001 s. 3(4)(b), 84/2009 s. 4(a), 14/2023 s. 61. (1) Interest is payable by way of penalty on any amount of casino licence fee, premium payment or casino supervision and control charge that is not paid by the due date. (2) Interest begins to run from the date that the amount concerned became due. (3) The rate of interest is as prescribed by the regulations. S. 116(4) amended by Nos 34/1993 s. 10(2), 89/2000 s. 4, 48/2001 s. 3(4)(b), 84/2009 s. 4(b), 14/2023 s. 61. (4) Any interest paid under this section is to be considered to have been paid as casino licence fee, premium payment or casino supervision and control charge, as appropriate to the amount on which it is paid as interest. S. 116(5) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 112). (5) The Commission may waive or refund payment of interest under this section, as the Commission thinks fit. S. 117 repealed by No. 34/1993 s. 11.