CTHRepealedLegislation
Treaty of Peace Regulations
25Power to defer payment
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25 Power to defer payment
(1) The Minister may defer, for such time not exceeding two years as he thinks fit, the payment of any amount owing by a debtor.
(2) When the payment of an amount owing by a debtor has been deferred by the Minister the debtor shall pay interest at the rate of 5 per centum per annum on the amount of which payment is deferred and the interest shall be calculated from such date as is specified by the Controller.