85Interest may be charged

85 Interest may be charged

85 Interest may be charged

(1) Interest is payable on the amount of any State debt that is unpaid after the due date specified for payment in the notice of a debt recovery order served on a debtor, unless the Chief Commissioner otherwise directs.

(2) Interest is also payable in respect of any debt recovery costs that are unpaid after that due date.

(3) Interest is to be calculated on a daily basis from the day after the day that is the due date for payment until the day it is paid.

(4) The interest rate payable is the prescribed rate under section 101 of the Civil Procedure Act 2005.

(5) This section does not apply to the following—

(a) a tax debt,

(b) any State debt for which a judgment has been given by a court.

(6) In the case of a tax debt, interest is payable as provided for by the Taxation Administration Act 1996.

(7) In the case of a State debt for which judgment has been given by a court, interest is payable as provided for by the Civil Procedure Act 2005 or any other Act or as otherwise directed by the court.