Section 61 — Building Act 2004: Chief executive may recover unpaid levies from territorial authority

61 Chief executive may recover unpaid levies from territorial authority (1) The consequences specified in subsection (2) apply if a territorial authority that is liable to pay levies to the chief executive under section 59(1) fails to pay the levies by the date referred to in section 59(2) . (2) The consequences are that— (a) section 60(1) does not apply; and (b) the chief executive may recover, as a debt due from the territorial authority, the amount of those levies and any interest on that amount calculated— (i) in monthly instalments at the monthly basic lending rate of the Ministry's bank; and (ii) for the period of each month, or part of a month, starting on the date payment is due and ending on the date payment is made. Compare: 1991 No 150 s 23C(5), (6)