70Interest on overdue payments

#### 70 Interest on overdue payments 70 Interest on overdue payments > > (1) The relevant port authority may charge interest, at a rate determined by the authority, on charges under this Part that are unpaid by the due date. > > > (2) Different rates may be determined for charges that remain unpaid for different periods of time. > > > (3) Unless the regulations otherwise provide, the rate determined in respect of any period is not to exceed 5 per cent per annum above the interest rate that in the ordinary course of business would be charged by the Commonwealth Bank for the relevant period on unsecured overdrafts of more than $100,000. > > **s 70:** Am 2002 No 112, Sch 1.20 \[8\].