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Meat Industry (Meat Industry Levy) Regulation 2025
10Overdue levies
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10 Overdue levies
10 Overdue levies
For the Act, section 59H(2), the prescribed rate is—
(a) if a levy collection agency agreement is in place—2% more than the Commonwealth Bank’s overdraft index rate for businesses as at 1 January of the relevant year, or
(b) otherwise—the rate prescribed under the Civil Procedure Act 2005, section 101(7) for payment of interest on a judgment debt.
Note—
See the Uniform Civil Procedure Rules 2005, rule 36.7.