What the official record says
This Act is the Accident Compensation (Interest on Instalment Plans) Amendment Act . This Act comes into force on the day after Royal assent. This Act amends the Accident Compensation Act 2001. After section 234(1), insert: The Corporation may charge interest as prescribed by regulations on any levy collected by instalments. The Corporation must consult levy payers on the proposed rate of interest payable on a levy collected by instalments or the proposed method by which the rate is to be calculated before recommending to the Minister that regulations be made prescribing the rate of interest or method by which the rate is to be calculated. After section 329(1)(ha), insert: prescribing— the rate of interest payable on any levy collected by instalments under section 234 or the method by whi