(2) The interest— S. 172(2) amended by (a) is to be calculated at the rate fixed under No. 78/1991 s. 8(1), section 2 of the Penalty Interest Rates Act substituted by 1983 that applied on the first day of July No. 27/1997 immediately before the due date for the s. 13(2). payment; and (b) becomes payable— (i) if the payment was payable in instalments only, on and from the date on which the missed instalment was due; or (ii) if the payment was payable either in instalments or in a lump sum and the first instalment was paid by the date it was due, on and from the date on which the relevant subsequent missed instalment was due; or S. 172(2)(b)(iii) (iii) if the payment was payable either in substituted by instalments or in a lump sum, and No. 63/2012 s. 22. neither the first instalment nor the lump sum were paid by the dates the first instalment or the lump sum were due, on and from the date on which each missed instalment was due; and (c) continues to be payable until the payment or the recovery of the rates or charges. S. 172(2A) (2A) The Council may continue to require a person to inserted by pay interest in accordance with this section after it No. 78/1991 obtains a court order requiring the payment of the s. 8(2), substituted by rates and charges payable (but only until the No. 27/1997 payment or the recovery of the rates or charges). s. 13(2). S. 172(2B)(2C) * * * * * inserted by No. 78/1991 s. 8(2), repealed by No. 27/1997 s. 13(2).
S. 172(2) amended by No. 78/1991 s. 8(1), substituted by No. 27/1997 s. 13(2). (2) The interest— (a) is to be calculated at the rate fixed under section 2 of the Penalty Interest Rates Act 1983 that applied on the first day of July immediately before the due date for the payment; and (b) becomes payable— (i) if the payment was payable in instalments only, on and from the date on which the missed instalment was due; or (ii) if the payment was payable either in instalments or in a lump sum and the first instalment was paid by the date it was due, on and from the date on which the relevant subsequent missed instalment was due; or S. 172(2)(b)(iii) substituted by No. 63/2012 s. 22. (iii) if the payment was payable either in instalments or in a lump sum, and neither the first instalment nor the lump sum were paid by the dates the first instalment or the lump sum were due, on and from the date on which each missed instalment was due; and (c) continues to be payable until the payment or the recovery of the rates or charges. S. 172(2A) inserted by No. 78/1991 s. 8(2), substituted by No. 27/1997 s. 13(2). (2A) The Council may continue to require a person to pay interest in accordance with this section after it obtains a court order requiring the payment of the rates and charges payable (but only until the payment or the recovery of the rates or charges). S. 172(2B)(2C) inserted by No. 78/1991 s. 8(2), repealed by No. 27/1997 s. 13(2). * * * * *
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