64Interest

64 Interest (1) Subject to this section, compensation bears interest from: (a) the date of acquisition; or (b) such other date as is specified by the Tribunal, to the date on which payment is made to the claimant. (2) Interest is not payable on compensation in respect of a debt which was, immediately prior to the date of acquisition, secured by a mortgage over the acquired land. (3) Interest is not payable in respect of so much of the compensation payable to a claimant as is paid under section 62(1) from the date of that payment. (4) Subject to subsection (5) interest is not payable in respect of compensation paid into the Tribunal from the date of payment into the Tribunal. (5) Interest paid to the Tribunal on an investment made under section 94 shall be paid to the claimant in respect of whose claim the amount of compensation was paid into the Tribunal by the Minister.