44Interest on refund

44 Interest on refund (1) This section applies if the commissioner is satisfied that— (a) an assessment of rates payable for a parcel of land has been wrongly made because of an administrative error; and (b) because of the error, a person has overpaid rates for the parcel. (2) The commissioner may pay interest to the owner of the parcel— (a) at the market rate component determined under the Taxation Administration Act, section 26; and (b) worked out from the date when the overpayment was made or a later date the commissioner considers appropriate.