62Territorial authority may recover unpaid levies from applicant for building consent

1. The consequence specified in subsection (2) applies if an applicant for a building consent fails to pay a levy or part of a levy under section 53 by the time referred to in section 53(2)(b)(ii).

2. The consequence is that the territorial authority may recover, as a debt due from the applicant, the amount of those levies and any interest on that amount calculated—

3. in monthly instalments at the monthly basic lending rate of the territorial authority's bank; and
4. 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.

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