Queensland Consolidated Acts Queensland Consolidated Acts(1) Where a component local government fails to pay an amount payable under section 118 within the required period, the local government, from the day on which the period expires, is liable to pay to the department, for the fund, interest on the amount at the percentage prescribed under a regulation under the City of Brisbane Act 2010 or the Local Government Act 2009 for overdue rates.
(2) Any interest not paid by a component local government within the time specified in a written demand for payment given by the chief executive is recoverable, together with expenses of recovery, in a court of competent jurisdiction.