New South Wales Consolidated Acts

WESTERN LANDS ACT 1901 - SECT 36B

36B Interest on arrears

(1) Any amount payable under a lease, or under this Act in relation to a lease, bears interest at the rate prescribed by the regulations.

(2) No interest is payable if the amount is paid within 3 months after the date on which payment falls due.

(3) The Minister may waive, postpone or remit payment of interest under this section.