Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) If the lessee of a land rent lease fails to pay an amount of land rent by the payment date, the lessee is liable to pay interest at the determined rate on the amount of unpaid land rent from the day the amount becomes payable until the day the amount is paid.
(2) In this section:
"determined rate", of interest, means the rate determined under the Taxation Administration Act, section 139.