Fair Payments. The TAC will, on written demand by the Applicant, pay simple interest on a daily basis on any Overdue Amount, at the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 (Vic).
Fair Payments. The Principal will, on demand by the Contractor, pay simple interest on a daily basis on any Overdue Amount at the rate for the time being fixed under section 2 of the Penalty Interest Rates Xxx 0000 (Vic).
