122YCInterest

##### 122YC Interest (1) In addition to an amount that is payable to a person out of the Fund in respect of a claim, interest at the rate of 5% per annum or, if another rate is prescribed, at that other rate, is payable to the person out of the Fund, on so much of that amount as is not attributable to costs and disbursements, in respect of the period beginning on the day on which the person became entitled to make the claim and ending on: (a) unless paragraph (b) or (c) applies—the day on which that amount is paid to the person; (b) if the Board has made a determination under subsection 122ZD(1) to pay that amount in instalments—the day on which that amount would, if no such determination had been made and the money in the Fund were unlimited, have been paid to the person; or (c) if, because of insufficiency of the Fund, no part of that amount is paid to the person on the day on which that amount would, if the money in the Fund were unlimited, have been so paid—the last‑mentioned day. (2) Where: (a) under subsection (1), interest is payable to a person on an amount in respect of a period; and (b) that amount, or a part of that amount, remains unpaid throughout a period commencing immediately after the period referred to in paragraph (a); then, in addition to that amount and that interest, interest at the prescribed rate is payable to the person out of the Fund on that amount, or on that part of that amount, as the case may be, in respect of the period first referred to in paragraph (b).