Clause 29

Where an employer fails to pay compensation in accordance with section 24(4) or 28(1A), or where an employer fails to make a deposit with the Commissioner under section 29(3), the employer shall be liable to pay the Commissioner or such other person as the Commissioner may direct, interest on the amount unpaid at such prescribed rate subject to the following provisions:

the amount of interest on compensation unpaid shall not exceed 50% of the assessed amount of compensation; and

the Commissioner may, in his discretion, waive or remit the whole or any part of such interest.(2) Any interest under subsection (1) shall be payable —

to or for the benefit of the employee;

where the employee is dead, to or for the benefit of any one or more of the deceased employee’s dependants or to the estate of the deceased employee where a will has been produced, as the Commissioner deems fit, or where the deceased employee has no dependants, to the Workers’ Fund; or

where the employee is mentally incapacitated, to any one or more of the employee’s dependants for the benefit of the employee, or to any committee or committees appointed under the Mental Disorders and Treatment Act (Cap. 178) to manage the employee’s property, as the Commissioner deems fit.”.