Recovery interest
Collection interest is compensation for the interest the State Water Board has to miss due to your failure to pay your tax assessment on time.
Here's how it works
You have to pay collection interest if you still have to pay an amount on the assessment after the last due date. This also applies if you have been granted an extension of payment, for example, because you have lodged an objection. The interest rate is set annually by law.
Interest Decision
If you owe collection interest, you will receive an interest decision from us.
Legislation
- Collection Act 1990
- Implementing Regulation of the Collection Act 1990
- State Tax Collection Costs Act
- Code of Civil Procedure