Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Interest is payable on the amount of compensation in respect of the period:
(a) starting:
(i) if the licence or the part of the licence is resumed--on the day the resumption took place; or
(ii) if the pre - acquisition declaration was revoked before the resumption took place--on the day the pre - acquisition declaration was served on the licensee; and
(b) finishing at the end of the day on which the compensation is paid.
(2) Interest is payable at the rate specified in, or ascertained in accordance with, the regulations.