NTIn ForceRegulation
PETROLEUM REGULATIONS 2020
66HImposition of interest
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66H Imposition of interest (1) Interest is imposed if a relevant charge is not paid within 1 month after it is payable. (2) The interest accrues: (a) on the last day of the month referred to in subregulation (1); and (b) subsequently – on the last day of each month while the relevant charge remains unpaid. (3) The interest accrues at the statutory interest rate as in force from time to time on a monthly basis.