79A. Interest on financial penalties

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.

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.