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Residential Apartment Buildings (Compliance and Enforcement Powers) Regulation 2020
11Charging of interest on unpaid building work levies
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11 Charging of interest on unpaid building work levies
11 Charging of interest on unpaid building work levies
Interest may be charged on an unpaid building work levy at the rate of 6% per annum from—
(a) the day that is 15 days after the Secretary gives the developer written notice of the requirement to pay the levy, or
(b) if the Secretary has postponed the levy—the day that is 1 day after the day on which the postponed levy is due.
cl 11: Ins 2022 (293), Sch 1[4].