QLDIn ForceRegulation
Land Regulation 2020
sec.66Calculation of penalty interest
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sec.66 Calculation of penalty interest
Penalty interest on unpaid rent or instalments— is payable at the rate that is 2% above the Suncorp-Metway business variable lending rate; and accrues daily; and compounds monthly.
- (a) is payable at the rate that is 2% above the Suncorp-Metway business variable lending rate; and
- (b) accrues daily; and
- (c) compounds monthly.