Northern Territory Numbered Acts

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PORTABLE LONG SERVICE LEAVE (COMMUNITY SERVICES SECTOR) ACT 2024 (NO 14 OF 2024) - SECT 63

Interest on levy

    (1)     If an employer fails to pay a levy as and when required by or under this Act, the amount of levy in arrears is subject to compound interest at the rate prescribed by regulation.

    (2)     Interest forms part of, and may be recovered as, an unpaid levy.

    (3)     An industry board may for any proper reason remit interest imposed under this section wholly or in part.



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