65BMinister must serve a notice on the owner about compensation to be repaid

65B Minister must serve a notice on the owner about compensation to be repaid

On making a decision under section 65A(1), the Minister must serve a written notice on the owner that includes the following information—

(a) the amount of compensation referred to in section 65A(1) that was originally paid to the owner and the date on which that compensation was paid;

(b) the amount of that compensation to be repaid by the owner;

(c) the date before or on which the amount of compensation is to be repaid;

(d) if the amount of compensation to be repaid is not repaid in full before or on the due date, that interest will be calculated on a daily basis from the end of the due date until the amount of compensation is repaid in full;

(e) that the rate of the interest referred to in paragraph (d) will be at the interest rate that applies from time to time under Division 1 of Part 5 of the Taxation Administration Act 1997;

(f) that the Minister may enter into an arrangement with the owner to repay the amount of compensation by way of instalments;

(g) the reasons that formed the basis of the Minister's decision for the amount of compensation to be repaid;

(h) that the owner has 28 days after being served with the notice within which to respond to the Minister setting out the reasons why the owner should not have to repay all or any of the amount of compensation.

S. 65C inserted by No. 1/2024 s. 11.