73Discount, interest rate etc.

73 Discount, interest rate etc. (1) A local government council or service authority may declare: (a) that a discount is to be given for the prompt payment, or the payment in advance, of a contribution payable under this Part; (b) the rate or rates of a discount referred to in paragraph (a) and the circumstances in which it is to be given; (c) the rate of interest payable on a contribution or part of a contribution if, in each case, the contribution is paid late; or (d) that a refund or remittance of all or part of a contribution otherwise payable is to be made in the special circumstances of a particular case. (1A) The declaration under subsection (1) must be: (a) in the case of a body corporate – in the form of a resolution; or (b) in any other case – in the manner and form prescribed by regulation. (2) The interest payable under subsection (1)(c) is to be: (a) calculated on the amount outstanding from time to time on a monthly basis until the contribution is paid in full; and (b) not more than: (i) the prescribed rate of interest; or (ii) in the case of a local government council – the rate of interest payable to it on rates payable under the Local Government Act 2019 but not paid when due and payable.

Planning Act 1999 91 (3) A person may apply to the local government council or service authority for a refund or remittance, in the special circumstances of the person, of all or part of a contribution otherwise payable by the person under this Part.