Clause 17

Any person who fails to pay a financial penalty imposed under this Act by the date the person is required to do so under this Act is liable to pay, after that date, interest on the amount unpaid as may be prescribed.(2) The rate of interest mentioned in subsection (1) may be prescribed in regulations by way of a formula or other method, and for this purpose the regulations may incorporate by reference any formula or method of another body or organisation, as may be amended from time to time.Financial penalties and interest collected79B.—

Any financial penalty or interest on the late payment of any financial penalty imposed under this Act or any other Act administered by the Authority must be collected by the Authority and paid into the Consolidated Fund.(2) The Authority may recover as a civil debt in a court of competent jurisdiction any financial penalty and interest on the late payment of any financial penalty imposed under this Act or any other Act administered by the Authority which is due and payable but has not been paid.(3) All financial penalties and interest on the late payment of financial penalties recovered under this section must be paid into the Consolidated Fund.”.