Document ID: chunk:federal_register_of_legislation:C2024C00653:section:33
Version: federal_register_of_legislation:C2024C00653
Segment Type: section
Provision Reference: s 33
Character Range: 80301–80955

33  Interest not payable on amount withheld
  If:
 (a) a judgment or settlement has been made in respect of an amount of compensation; and
 (b) a compensation payer or insurer has paid to the compensable person a part of the compensation, but withheld an amount referred to in paragraph 32(1)(b); and
 (c) an Australian law would, apart from this section, make the compensation payer or insurer liable to pay interest on the sum withheld, because the sum is withheld after the judgment or settlement has been made;
despite that law, the compensation payer or insurer is not liable to pay that interest.

Division 2A—Advance payments to the Commonwealth