95AInterest on amounts due to commission

95A Interest on amounts due to commission (1) If an amount is due and payable to the commission under section 31, a further amount of interest for the period commencing when the firstmentioned amount becomes payable and ending when it is paid or judgment is entered in respect of it (whichever sooner happens) is due and payable to the commission and may be recovered as a debt in a court of competent jurisdiction. (2) The amount of interest must be worked out at the rate percentage per year as follows: (a) if the amount under section 31 is payable on or after 15 July 1992 but before the day mentioned in paragraph (b)— (i) for 15 July 1992 to and including 14 January 1993— 11.5%; and (ii) for 15 January 1993 to and including 31 January 1994— 10%; and (iii) for 1 February 1994 to and including 31 July 1995— 9%; and (iv) for 1 August 1995 to and including 31 March 1997— 10.75%; and (v) for 1 April 1997 to and including 30 April 1998— 9.55%; and (vi) for 1 May 1998 to and including the day before the day mentioned in paragraph (b)—8.45%; (b) if the amount under section 31 is payable on or after the day the Court Procedures Act 2004 commences—at the rate applying under the rules under that Act applying in relation to the Supreme Court.