Interest for late payment. (a) If the Developer fails to pay a Contribution Amount (as indexed in accordance with Schedule 4) due to the Minister on the due date for payment, the Developer must also pay to the Minister interest at a rate of 2% above the loan reference rate charged by the Commonwealth Bank of Australia from time to time.
Appears in 3 contracts
Samples: Planning Agreement, Planning Agreement, apps.planningportal.nsw.gov.au
Interest for late payment. (a) If the Developer fails to pay a Contribution Amount (as indexed in accordance with Schedule 4) due to the Minister Council on the due date for payment, the Developer must also pay to the Minister Council interest at a rate of 2% above the loan reference rate charged by the Commonwealth Bank of Australia from time to time.
Appears in 2 contracts
Samples: Planning Agreement, Planning Agreement
Interest for late payment. (a) If the Developer fails to pay a Contribution Amount (as indexed in accordance with Schedule 4) due to the Minister on the due date for payment, the Developer must also pay to the Minister interest at a rate of 2% above the loan reference rate charged by the Commonwealth Bank of Australia from time to time.
Appears in 2 contracts
Samples: apps.planningportal.nsw.gov.au, apps.planningportal.nsw.gov.au
